FBI probing MF Global's use of client money

Pictured: Former New Jersey Gov. Jon S. Corzine

November 2, 2011 8:53:24 AM PDT
MF Global, the securities firm led by Jon Corzine, admitted using clients' money as its financial troubles mounted, a federal official says. The FBI is expected to investigate whether the firm's actions violated criminal laws, according to two people familiar with the situation.