Meet Director of Audits Mike Procajlo. Procajlo has not yet spoken with the media and a CME spokesperson would not comment on a corporate timeline containing information about the missing funds. Through the CME timeline for the House Financial Services Committee, the exchange paints the following picture: Prior to the firm's implosion, MF Global officials were adamant that the missing customer funds were an accounting error because it was "too big to be anything else." On the day of the firm's bankruptcy, early on October 31, the MF Global executives told Procajlo the customer fund shortage was real with almost $700 million going to the broker-dealer side for liquidity problems due to transactions, possibly beginning from October 26. In addition, Procajlo was also told by MF that a $175 million segregated fund loan went to the firm's U.K. office.