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Jill summers, one of the agencies with oversight over mf global fielded lawmakers questions about that egregious shortfall. >> the money could have been embezzled. it could be somewhere that the trustee has not yet located, that part of the investigation is not yet clear. >> that's correct. >> one hopes from the best but from looking at this one expects the worst. >> reporter: i was stunned when i was told on sunday, october 30th that mf global could not account for hundreds of millions of dollars of client money, corzine will testify. i remain deeply concerned about the impact on mf customers...

Bankrupt. lawmakers are demanding to know what happened to more than a billion dollars of investors' money which has seemingly disappeared. so far no one has been charged with anything. here is in corzine earlier today. >> i was stunned which was told on sunday, october 30, 2011 that mf global could not account for many hundreds of millions of dollars of client money. i remain deeply concerned about the impact of the unreconciled and frozen fund have on mf global's customers and others. i simply do not know where the money is or why the accounts have not been reconciled to date. megyn: joining...

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Not account for many hundreds of millions of dollars of client money. i remained deeply concerned about the impact that the unreconciled and frozen funds have on mt global's customers and others. i simply do not know where the money is or why the accounts have not been reconciled today. >> he simply is it not know. now, is that answer enough? are we any closer fining out what really led to mf global's demise? we have more on today's hearing from capitol hill. >> greta, it's been over 100 years that a former senator has been forced to testify before congress. jon corzine, who served as u.s. sen...

Not account for many hundreds of millions of dollars of client money. i remained deeply concerned about the impact that the unreconciled and frozen funds have on mt global's customers and others. i simply do not know where the money is or why the accounts have not been reconciled today. >> he simply is it not know. now, is that answer enough? are we any closer fining out what really led to mf global's demise? we have more on today's hearing from capitol hill. >> greta, it's been over 100 years that a former senator has been forced to testify before congress. jon corzine, who served as u.s. sen...