Congressional investigators released details of emails from just before MF Global's bankruptcy that renew questions about whether anyone at the failed brokerage authorised the use of customer funds to cover an overdraft in London.
Former MF Global official Edith O'Brien said in an October 2011 email that CEO Jon Corzine gave "direct instructions" to transfer $200 million from a customer account to cover an overdraft in its account at J.P. Morgan in London, according to a congressional memo released on Friday.
The October 28 email, written days before MF Global's collapse, was quoted in a document released in advance of a House Financial Services subcommittee hearing scheduled for next week on the collapse of brokerage MF Global and the continued search for missing customer funds. The committee this week subpoenaed O'Brien to appear before the panel.
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