Former MF Global Holdings Ltd. (MFGLQ) Chief Executive Jon Corzine was aware about a loan to one of the firm's affiliates made using customer segregated accounts, according to CME Group Executive Chairman Terrence Duffy.

Duffy, testifying before the Senate Agriculture Committee Tuesday, says a CME auditor was informed of the matter by a senior MF Global executive during a telephone call before the firm's collapse.

Duffy said he learned of the disclosure this weekend and that the loan was about $175 million for a European affiliate. CME Group has referred the matter to the Justice Department, he added. Duffy declined to publicly identify the name of the MF Global official who said Corzine was aware of the breach of customer segregation.

-By Andrew Ackerman; 202-569-8390; andrew.ackerman@dowjones.com

CME (NASDAQ:CME)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more CME Charts.
CME (NASDAQ:CME)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more CME Charts.