Trustee Says MF Global May Have Stolen $1.2 Billion in Customer Funds

"The infectiousness of crime is like that of the plague."

Napoleon Bonaparte

Ironically a reader sent me their analysis yesterday that showed that the losses were $1.2 Billion. The twist here is that the Trustee may be accruing those losses to the customers even where there is some discretion.

One would think that the customers should be paid first out of all MF Global creditors. But I