Where's The Money?

NYT on MF Global, via nc links:

So far, the trustee has transferred the holdings of about 15,000 MF Global customers to new brokers, along with some of the collateral backing their trades. On Tuesday, Mr. Giddens said he was seeking approval to return 60 percent of the money sitting in separate cash accounts, a move the Commodity Futures Trading Commission supports. A New York bankruptcy court judge is to hear the request Thursday morning.
But many customers are still in the dark about their money. Since the firm’s collapse, customers like farmers and small-business owners are struggling to meet their financial obligations.
“The inability of MF Global customers as a whole to access their funds has affected trading in futures markets, and has shaken public confidence in our customer protection regime,” Scott D. O’Malia, a Republican member of the futures commission, said in a statement on Wednesday. “To assure the public that MF Global is an isolated incident, the commission should immediately take action.” He said the agency should enact new transparency measures and keep a closer eye on futures firms.

Did they really shovel it out the door to hold off creditors?  Jon Corzine is so screwed if when they don't find this money.