BY_ MARTIN SMITH
FROM_ FRONTLINE
MAY 28 2012


VIDEO

FRONTLINE investigates MF Global’s disastrous bet on European debt.



What Really Happened at MF Global?

In the wake of MF Global’s spectacular collapse, more than a billion dollars of customer funds remain unaccounted for. While investigations continue, much of it may never be recovered. The career and reputation of its CEO Jon Corzine will be forever stained.

What really happened inside the firm? How was Corzine allowed to make such a huge, risky bet — especially so soon after the financial crisis? Where were the regulators? Could anyone go to jail? And perhaps most importantly — what can we learn from this catastrophe?