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| "Sommers' statement came two days after she said the CFTC's investigation was "far enough along the trail" to be able to determine where customer money went.
"We certainly don't want to lead anyone to believe we don't know what happened," Sommers, a Republican commissioner, told Reuters on Wednesday. "We do know, and we see where all the transactions went."
At the time, Sommers said investigators were trying to determine which of the customer transfers were valid and which were illegitimate."
http://www.reuters.com/article/2011/12/16/us-mfglobal-sommers-idUST...
My question is, wouldn't all of these transactions be "illegetimate" by definition?
Do they really know where the money went. Nobody else seems to know.
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MF Global, is CFTC just blowing smoke?
