MF Global

MF Global (formerly Man Financial ) was one of the largest globally operating financial companies and one of the largest derivatives broker. MF Global was launched in July 2007 as a spin -off from Man Group as an independent company on the stock exchange. Early November 2011, it was forced to declare bankruptcy. The financial group had speculated European government bonds, and who embezzled 700 million U.S. $ customer funds. On 10 February 2012, the trustee James Giddens said that the gap between the assets it controls and the probable demands of the customers € 1.2 billion ( 1.6 billion U.S. $ ) amounts. This was the eighth largest bankruptcy in U.S. corporate history and the biggest since the collapse of Lehman Brothers in 2008. Investors want to sue the head of the company Jon Corzine was deceived investors.

On 11 November 2011 the company announced that all about 1,000 employees laid off and then 100 to 200 would set it to liquidation in bankruptcy again.

After an analysis of the financial information service Thomson Reuters is the case of MF Global, that the financial markets, led by Wall Street, a " uncontrolled Pyramid Game " had developed that the " unlimited juggling with client funds " allowed.