MF Global Did Indeed Pay Bonuses Before Bankruptcy, But They Were Already in the Pipeline: Source

MF Global paid UK employees their bonuses just before the company filed for bankruptcy protection in the US.

A source familiar with the matter, who wanted to be anonymous because of the sensitivity of it, confirms that bonuses were paid to UK and US employees, but says they were regularly scheduled payments, based on formulas in employment contracts, that were processed several days before the bankruptcy filing.

So, according to this source, it is not as if MF Global employees were getting bonuses furtively shoved in their hands just before the doors closed. But it will still be cold comfort to those customers still waiting to just get their money back.