WASHINGTON — A court-appointed trustee overseeing the bankruptcy proceedings for the giant financial firm MF Global said up to $1.2 billion is missing from customer accounts. That’s double what the company had reported to regulators three weeks ago, when it filed for bankruptcy. The trustee, James Giddens, said he plans to release about $520 million from accounts that have been frozen, which is nearly all the assets under his control. U.S. Senator Pat Roberts, R-Kansas, has been pushing for the funds to be unfrozen and the missing money to be found. Several Kansas farmers, ranchers and feed low owners were stung by the bankruptcy at a time when they can’t afford to lose the money. He said he’s demanded changes regarding commodities traders. Regulators are investigating whether MF Global dipped into clients’ accounts to shore up its own finances. That would be a violation of securities laws.
Friday, Nov. 25, 4:30 p.m.
