MF Global ordered to repay customers $1.2B

More than two years after the failure of MF Global, customers are finally on the verge of getting all of their money back.

The defunct brokerage, which had been run by former New Jersey governor and senator Jon Corzine, was ordered by a federal court to pay back more than $1.2 billion.

MF Global’s 2011 bankruptcy left a $1.6 billion shortfall for roughly 38,000 customers.  Read more

Categories: Economics, United States

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