Money Found At JP Morgan May Belong To MF Global

[burntheships]

MF Global Cash 'Is In London'
www.thisislondon.co.uk

Investigators on the hunt for more than $1 billion (£644 million) of customers' money that seems to have gone missing from collapsed broker MF Global reckon a chunk of it has turned up in the London accounts of JPMorgan.

www.fiercefinance.com

dealbook.nytimes.com[/url

Investigators suspect that the transfer to JPMorgan was the beginning of
the major misuse of customer money aka known as other peoples money...at MF Global.

The New York Times reports that "during MF Global's last chaotic days, the brokerage firm overdrew an account at JPMorgan, according to another person who is close to the matter. Some investigators now believe the firm used customer funds to patch at least some of the hole, which would have been a significant breach of federal law.

Authorities are also looking into whether JPMorgan even questioned the source of the cash.

JP Morgan Chase was once lead by Jon S. Corzine, the former Democratic governor of New Jersey. In passing, a long read up on the corrupt state of
New Jersey might be in order.
http://www.nytimes.com/2009/07/24/nyregion/24jersey.html?pagewanted=all

Why am I not suprised? With keen interest to see if any of this misused
other peoples money is ever returned to its rightful owners.

At this point, most of the world just sees JP Morgan Chase, and Goldman Sachs
an extension of The Federal Reserve, and this kind of thievery is exactly why!

[burntheships]

Yeah they were looking to this guy for answers on the economy.
That says it all...

Biden sought Corzine advice on the economy...

[burntheships]

The most curious aspect of this whole MF Global bankruptcy is that
MF ( make of it what you will  ) allowed customers money in
segregated accounts to be taken by JP Morgan Chase, which accourding
to the auditors, is illegal.

Well, Dear John is sorry about that part, now is he?