A congressional committee investigating how $1.6 billion in customer funds went missing from bankrupt brokerage MF Global said Friday that it’s found evidence that then-CEO Jon Corzine directed a senior executive to use $200 million of clients’ money.These guys are just model citizens...According to a memo from a House Financial Services subcommittee, the probe found that Corzine authorized the transfer of customer funds, citing an email from Edith O’Brien, the firm’s assistant treasurer.
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It's the HONORABLE John Corzine.
did Obama really say that NJ kids are now at the "top of the country in reading a map" because of Jon Corzine??!!
thats awesome
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This whole thing is a pet peeve of mine. Even in the extremely small chance Holder actually does his job for once, JC will be a prime candidate for a pardon.
I was discussing this with Josh Brown. Obviously, he wants to see Corzine go down for the count on this one (as do I), but I pointed out to him that the law of large numbers will intervene. In other words, if Corzine stole $2 million he'd probably get 40 years, but since he stole $200 million he'll probably get off scott free.
Also remember that Corzine had input in writing the regulations which govern the use of customer funds. I think there is a good chance that he did nothing illegal but the govt. is desperately trying to find a way to charge him.
http://mobile.bloomberg.com/news/2011-11-16/tiny-rule-change-was-at-the…
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