Reply #98: Ex-FBI Chief Named Trustee In MF Global Bankruptcy [View All]

IT'S FREEH, THE FASCIST FIXER--HOW IS HE GOING TO DO PENN STATE AND MFGLOBAL AT THE SAME TIME?

http://www.npr.org/2011/11/25/142785325/ex-fbi-chief-named-trustee-in-mf-global-bankruptcy?ft=1&f=1001

Former FBI Director Louis J. Freeh has been tapped to be the trustee for MF Global's Chapter 11 bankruptcy case. The U.S. Trustee for the New York region requested court approval for the appointment, according to documents filed Friday.

MF Global and a committee of its creditors asked the court on Monday for permission to name a trustee so that the company can get a binding commitment for financing while it is in bankruptcy and help it recover any funds left over after its customers are paid back. U.S. Bankruptcy Court Judge Martin Glenn in New York granted the motion the next day and ordered U.S. Trustee Tracy Hope Davis to appoint a trustee for the case. Davis selected Freeh, a former federal judge who served as director of the Federal Bureau of Investigation from 1993 through 2001. Freeh is now chairman of Freeh Group International Solutions LLC, a global risk-management firm.

Freeh was tapped this week to lead Penn State's internal investigation of a child sex abuse scandal.

In the MF Global case, Freeh must obtain a bond of no less than $26 million as part of his appointment, according to a separate court filing on Friday...Freeh would be charged with reorganizing or liquidating MF Global's assets for the benefit of the company's estates, creditors and other stakeholders.