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| No MFG Client Funds to be Found Here! |
So after a four month investigation and forensic analysis (what is this, CSI NY??), suddenly none of the funds ended up at JP Morgan? And we're supposed to believe this when the Trustee overseeing the bankruptcy, James Giddens, has done significant work for the aforementioned back previously!!??
More like it took 4 months to properly adjust the electronic and paper trail of said assets.
Louis Freeh, the bankruptcy trustee overseeing MF Global Holdings Ltd.'s Chapter 11 case, says a forensic analysis has determined none of the estimated $1.6 billion in missing customer cash ended up in the company's account at J.P. Morgan Chase & Co.
Freeh, the former Federal Bureau of Investigation director in charge of liquidating the New York company, said a forensic accounting analysis conducted by FTI Consulting Inc., the trustee's financial adviser, found no missing customer funds in an MF Global cash collateral account at J.P. Morgan."After an exhaustive investigation, which included the review of volumes of bank statements and an extensive population of cash transaction activity during October 2011, the trustee does not believe that any of the cash in the JPM Account as of the petition date represents misdirected customer property," Freeh said Thursday in a filing in U.S. Bankruptcy Court in New York.
The investigation focused on the flow of funds to and from a J.P. Morgan account of MF Global Finance USA Inc., which FTI described as the 'internal bank' for the MG Global group of companies, in the weeks before its collapse...
Giddens, according to court papers, "agrees with the conclusion reached in the report that the cash in the JPM Account as of the petition date does not appear to include misappropriated [brokerage] customer funds."
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7 comments:
Yea right! That's a good one! LOL
the reason the MFG trustee is not finding the money is because it was transferred prior to June 2011. I received a letter in June 2011 from VP Rick Leesley at MFG, saying there was missing money back then. Read my post at TimingCharts.com. But you won't see the trustee investigating that far back. Even after the bankruptcy, MFG continued to say the money was still on deposit. Its all a big FRAUD /conspiracy / cover up, like you said.
Bunch of crooks. The banksters wouldn't know what to do with holding down a honest job and paying bills. That's a job in itself. I guess it's true what they said in the movie Goodfellas. We are a bunch of suckers. The banking cartel is the mob. They want something they just take it. The good news is we outnumber them. One day this shit is going to stop. I can still dream right? I don't think they can take that yet can they?
Does anyone know how easy it is to lost $1.2 Billion?
A piece of cake.
Just the other day I took out my wallet and at least $800 million dropped out. It wasn't worth it to pick it up, though. Just too much trouble.
I might stoop over for $1 billion but who knows.
Ask Dimon what he thinks.
Heads should be rolling. If this were threats against President O'Clownprompter, we would already have someone in jail. Come the fuck on!
How come Jon Corzine hasn't been indicted for this theft ?
Is he even being investigated ?
The entire System has become so corrupted, it's beyond repair.
That's why we prep and stack.
Lock n Load... Pay up Suckas!!!
Oh wait!! They are being payed... The SCUM BAG banksters that is... Remember.. They get bonuses for doing there job... Good or bad it doesn't matter... They still get a bonus... UNFUCKING REAL!!! If I go a half hour over on a job in the shop I get written up but if you work in a bank or wall street you get taking out to a five star restaurant and handed a bonus... This country is beyond FUCKED UP!! My dad is spinning at record speeds in his grave!! He fought in WWII and Korea for this??? He was a POW in WWII in Germany for a year for this!! FUCKING BULLSHIT!! I can't take it anymore...The rich steel and "loose" your money and that's fine... You don't file taxes.. That you already payed into and your poor or middle class your going to jail... Unless your a thieving 1% you ain't got no rights and won't have shit!! FUCK YOU WASHINGTON!!!
Danno
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