12. Henri Steenkamp
Chief Financial Officer of MF Global
Before his sudden fall from grace, then-35-year-old Henri Steenkamp was one of the youngest high-level executives on Wall Street. Steenkamp joined MF Global in 2006 and assumed the CFO role less than a year before the firm went belly-up.
For his part, Steenkamp has denied any wrongdoing, maintaining in less-than-illuminating Congressional testimony that he had only limited knowledge of money transfers occurring immediately before the firm’s collapse. A report from Trustee James Giddens, however, suggests that Steenkamp was aware that the brokerage was transferring money from an account that held customer funds. In one email to colleagues, Steenkamp voiced concerns over “the situation of our broker-dealer that is currently unable to fund itself, and more worrying…having us dip into FCM excess every day.”