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FBN's Peter Barnes breaks down new exclusive details regarding MF Global executives’ alleged knowledge on missing funds.
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All right well left from stock markets now to some jurisprudence still one point two billion dollars missing from -- F global customer funds members of congress.
Calling more witnesses now is they try to map out where the money went and if laws were broken.
Fox Business Peter Barnes has exclusive details force of Peter what did you find out.
-- house investigators want to talk to two MF global executives who allegedly have direct knowledge 875.
Million dollars in company transfers of that.
One point two billion dollars now we learned.
Their identity is for the first time at a house hearing.
Last week the house financial services oversight subcommittee they allegations.
About these two executives came in a document from the CME group.
Major commodities exchange firm based in Chicago and provided new leads for subcommittee investigators according to sources close to this investigation.
-- the document says the Christine sir win -- the chief financial officer of MF global securities trading operation and -- -- O'Brien and the operations treasurer.
Met with the CME group's chief auditor early in the morning on October 31 just hours before the company filed for bankruptcy.
The document says they disclosed that 700 million dollars of funds in segregated protected customer commodities accounts.
Had been moved to the securities unit quote to meet liquidity issues in a series of transactions the week before.
They also said that the firm.
Also made an internal a lot of -- 175 million dollars.
To -- United Kingdom operations with funds from segregated accounts the CME group says those transfers were improper Corzine said last week.
That he Jon Corzine former MF global CEO said last week NA hearing that he does not know anything about these transactions.
And now subcommittee investigators plan to questions -- -- -- O'Brien.
In the next few weeks no comment yet from those executives right.
-- Peter but didn't Corzine say he was aware of a large transfer of customer funds to the firm's London office.
Yes that's right JPMorgan chase operated a revolving credit line a syndicate of banks -- loan money to JPMorgan Chase and he said he was contacted.
By the bank about a big overdraft in London.
And he says he called the Chicago office and -- -- others at the company and said hey we -- clear -- this overdraft problem over in London because we're trying to do business with JPMorgan Chase.
But he said there was not a loan and he said that.
I asked them -- -- the staff I asked them to resolve this issue which I understood.
They.
Interesting still so frustrating if you're -- MF client where is that money.
