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MF Global customer says entire $50 million account missing

Futures fund claims MF Global failed to report status, location of commodity account

MF Global’s tumultuous quest to recover lost customer money hit another obstacle Friday when Illinois-based Highridge Futures Fund reported its entire $50 million account with the defunct firm missing.

The futures fund claims trustee James Giddens refused to help locate its account with MF Global and failed to report the status of the account, which led commodity positions and cash. According to Highridge, Giddens and CME Group Inc.’s Chicago Mercantile Exchange said the account was being transferred, but the transfer never occurred.

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