MF Global money said to have vapourised

So the thieving continues, whilst secured and unsecured creditors, lawyers and underwriters squabble to be at the head of the pack to claim there monies, its the clients that are getting the worst deal as yet theres no sign of payment to UK clients in particular. Also no one being held accountable, and the livelyhoods of many of those who have had MF accounts continue to be put under strain.
From WSJ:

Nearly three months after MF Global’s bankruptcy filing on October 31, US officials hunting for an estimated $1.2bn in missing customer money increasingly believe that much of it might never be recovered, sources said.

It is understood that as the sprawling probe that includes regulators, criminal and congressional investigators, and court-appointed trustees grinds on, the findings so far suggest that a "significant amount" of the money could have "vapourised" as a result of chaotic trading at MF Global during the week before the company's collapse.

Many officials now believe certain employees at MF Global dipped into the "customer segregated account" that the New York firm was supposed to keep separate from its own assets - and then used the money to meet demands for more collateral or to unfreeze assets at banks and other counterparties as they grew more concerned about their financial exposure to MF Global.

Louis J. Freeh, Chapter 11 trustee of MF Global Holdings Ltd., filed the list January 3rd. JPMorgan Chase tops the list with over $1.2 billion in revolving credit facility debt. Other financial institutions include Wilmington Trust, Banco Monex, UBS and Citibank.

Curiously, the global IT consulting firm Headstrong Services, LLC is owed almost $4 million in trade payable debt, good enough for number five on the list.

For details of the list of MF creditors click below:
Creditors LIST