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Tuesday, July 10, 2012

''PFG Is Now MFG(lobal) Part 2 As $220 Million In Segregated Client Money Has Just Vaporized''

From ZeroHedge
  • ''On July 9, 2012, NFA made inquiry with US Bank and learned that rather than the $225 million that PFG had reported as being on deposit at US Bank just days earlier, PFG had only approximately $5 million on deposit at U.S. Bank.
Translation: another $220 million segregated account pillage has just taken place, in the vein of none other than Jon Corzine and MF Global.

The money has now officially vaporized.'' 

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