Former head of Jon S. Corzine to MF Global said Thursday before a U.S. Senate committee, he did not know where the missing $ 1.2 billion of client money, fraud discovered by U.S. brokerage bankruptcy, according to a copy declaration prepared for the hearing.
"I just do not know where the money is. There have been many great deals there in the last days of MF Global," Corzine said in written statement prepared for the hearing of the House Agriculture Committee and posted on its website, write Wall Street Journal.

MF Global went bankrupt in late October, led by Corzine, who previously held posts as governor of New Jersey and U.S. senator, and a top management position at Goldman Sachs. After bankruptcy, Corzine resigned from the posts of president and CEO of MF Global.
Estimate of $ 1.2 billion fund for the liquidation administrator belongs missing MF Global, James W. Giddens.

Corzine will face an atmosphere of "unfriendly" the Committee on Agriculture, dominated by the Republican party after 2009 was supported by President Barack Obama in a campaign unsuccessfully for reelection as governor.

Bankruptcy MF Global, the eighth in magnitude in U.S. history, has hit confidence in financial markets and businesses locked for many of the approximately 38,000 holders of transaction accounts of financial instruments and commodity portfolio MF Global. Clients ranged from major traders to farmers.

Several U.S. state institutions, including the FBI, trying to track down the money, which ought to be in customer accounts.

The collapse of the company is made, in part, account for investments of 6.3 billion dollars in debt to European countries.

When investments have caused losses and problems in financial markets have deteriorated, MF Global could have used customer money, according to the Wall Street Journal.

MF Global, based in New York, said debt of 39.7 billion dollars and assets of 41 billion dollars in demand for protection from creditors on Monday filed a court in Manhattan.