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MF's Corzine Said to Know of Customer Fund Misuse
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MF's Corzine Said to Know of Customer Fund Misuse

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MF's Corzine Said to Know of Customer Fund Misuse

The regulatory arm of CME Group has turned over interviews to the Justice Department that allege former MF Global chief Jon Corzine knew that the now-bankrupt brokerage firm used customer money to lend to a European affiliate, a CME executive said.

More on CNBC...

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Farmers who became collateral damage from the collapse of MF Global got a chance to air their frustrations, telling lawmakers that their confidence in the markets has been shaken.

Dean Tofteland, a corn and soybean farmer from Minnesota, said when he heard news that MF Global was having problems, he talked to his broker, who told him, "No customer has ever lost a penny in customer segregated accounts."

But three days later his $253,000 account was frozen and he could not adjust his short positions.

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