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.

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.


These guys are just model citizens...
 

http://www.youtube.com/embed/r9twTtXkQNA

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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