John Corzine - where'd the $ go?
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.
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
Reading and Math
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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