Posted 5 years ago on Jan. 12, 2012, 8:06 p.m. EST by MonetizingDiscontent
This content is user submitted and not an official statement
For more background: Customer Protest of CME Group & JPMorgan Has Begun /// CFTC & CME Regulated Futures System is Defaulting on its Obligations /// CME Did -NOT- Guarantee Oversight in MFGlobal Scandal: http://occupywallst.org/forum/corzine-to-face-questions-about-regulator-contacts/
Theft, RICO lawsuit targets MF Global, CME Group, MorganChase
(((See article here))) http://www.gata.org/node/10875
-January 12, 2012-
Dear Friend of GATA and Gold:
Our friends at the Philadelphia law firm of Berger and Montague this week brought a class-action lawsuit in federal court in New York, charging theft and misappropriation, against people connected with the failed commodity brokerage firm MF Global, including its former CEO, former New Jersey U.S. Sen. and Gov. Jon Corzine; MF Global's enabler and supposed regulator, CME Group; and the investment bank JPMorganChase. The lawsuit is brought under both the Commodity Exchange Act and the Racketeer-Influenced Corrupt Organizations Act -- the famous RICO. (Maybe the lawsuit can determine where MorganChase put Judge Crater.)
MF Global clients interested in participating in the lawsuit should contact Berger and Montague's Merrill Davidoff at email@example.com or 215-875-3084 or Michael DellAngelo at firstname.lastname@example.org or 215-875-3080.
The lawsuit's complaint is posted at GATA's Internet site here:
The Neverending MF Global Story: Regulators Block The Truth
Instead of looking out for MF Global investors – and customers who are still waiting for their money – it looks like regulators and the bankruptcy trustees are busy suppressing information. Instead of full transparency, regulators and the trustees are holding onto crucial details that might tell us all who was asleep at the wheel when the broker/dealer and futures commission merchant (FCM) headed over the cliff.
Bob English, an independent trader and contributing editor to the blog, Economic Policy Journal... http://english.economicpolicyjournal.com/2012/01/scrubbed-mf-global-filing-resurfaces-at.html ...published a post this morning that raises serious questions about the Securities and Exchange Commission’s program of regulation for broker/dealers and, in particular, the agency’s role in keeping the truth from the public about what went wrong at MF Global. We’re also being kept from the truth about other broker/dealers who may be putting risky trades on their books or whose controls over segregation of customer assets may be weak or non-existent.