Receiving Stolen Goods

JP Morgan.

The transfer was requested at 4:53 p.m. and okayed a minute later, the Journal reported. The money went to J. P. Morgan account of the company's within 15 minutes, the paper reported, citing “internal documents.”

Several employees of MF Global quickly realized there was an issue, however, according to the report — the money was transferred from a customer-segregated account rather than a company account. Employees did not succeed in an attempt to reverse the transaction, the report said.

Employees tried but failed for three days to reverse the transfer, the Journal reported.