The New York Post reports that the trustee tasked with clawing back money for burned customers of MF Global is training his sights on the brokerage firm’s executives - a list that could include former CEO Jon Corzine.
In a statement earlier this week, trustee James Giddens said that he is considering pursuing claims against 'certain responsible individuals' who worked for MF at the time customers’ trading accounts were improperly tapped.
Kent Jarrell, a spokesman for Giddens, declined to name names but said that the trustee was considering civil suits against 'officers, directors or other employees' of both the brokerage firm and the holding company.
In the meantime, The New York Times reports that if Giddens does file a lawsuit against top MF Global employees, the case would open a new avenue in his bid to recover money for customers (around $1.6bn is still thought to be unaccounted for).
Until now, the trustee has only discussed potential lawsuits against banks and clearinghouses that received the customer money during MF Global’s final days.