From Peter L. Brandt:
A warning to former MF Global segregated account holders: If the news has already been more than you can bear, please do not read this post — it may really push you over the edge
While the congressional hearings have been interesting, at times shocking, at other times even quite entertaining, Congress has yet to connect the dots. So I will do it for them.
In short, when the dots are connected, a significant portion of the $1.2 billion (some say more, some say less) of segregated account money illegally stolen by Jon Corzine’s MF Global (with the CFTC driving the get-away car) has landed in the pockets of George Soros.
Let’s go through this step-by-step...
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More on the MF Global fraud:
WARNING: The MF Global "contagion" is quietly spreading
A simple explanation of what really happened in the outrageous MF Global fraud
Damning new testimony alleges Jon Corzine was aware customer funds were being stolen