When Henri Steenkamp, MF Global's chief financial officer, appeared before two congressional panels about the firm's collapse, he said he was in the dark over how some $1.6 billion in customer funds went missing, but a report from the bankruptcy trustee filed this week paints a different picture of an executive closely involved as the firm's liquidity was stretched and it began tapping into customer accounts to help fund operations, Reuters reported today. Congressional investigators have flagged the discrepancies and said they plan to examine them further. Steenkamp has been a central figure for lawmakers and investigators such as the Justice Department and the Commodity Futures Trading Commission who are probing why the firm imploded and left hundreds of farmers and traders without access to funds they thought were safe at the commodities brokerage.
