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Alternative Market Briefing

Inaccurate media reports debunked:

Friday, October 12, 2012

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Bart Chilton
By Mark Melin, Chicago-based editor of the Opalesque Futures Intelligence monthly reports (OFI).

After a series of unattributed statements in the New York Times claimed an end to the investigation into criminal activity surrounding the illegal transfer of $1.6 billion in MF Global customer assets, the evidence in the criminal case may have found its tipping point.

"The investigation into wrongdoing among MF Global’s top executives is on," said Commodity Futures Trading Commission (CFTC) Commissioner Bart Chilton, noting in the exclusive interview that investigators are now aware of potential criminal activity that occurred.

"I’m tired of the he said, she said accountability," the CFTC Commissioner said, as he began to unwind a tale of a lack of accountability and transparency that has eaten away at US financial foundations.

This is the first on the record statement regarding the much rumored investigation into the implosion of MF Global. This event is significant in that it damaged regulated derivative markets more than any other event in history, yet it had been shroud in secrecy. The case involved the illegal transfe......................

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