MF Global: Why Is Nobody in Jail?

God help them had they robbed a 7-11 or opened a lemonade stand!

 “The further we get into (the investigation) the more complex it is … but we’re making progress,” the source said, adding that the commingling and transferring of money is making it harder for regulators to determine what money belongs where.

MF Global took futures segregated money and put it into the account for customer securities, essentially mixing futures and securities that were both owned by customers, said an official familiar with the matter.

http://uk.reuters.com/article/2011/12/03/uk-mfglobal-funds-idUKTRE7B203S20111203

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