TV News LIES

Sunday, Feb 18th

Last update05:20:13 AM GMT

You are here News Economy Feds charge Jon Corzine for role in MF Global collapse

Feds charge Jon Corzine for role in MF Global collapse

E-mail Print PDF

Jon CorzineFinancial regulators are taking aim at Jon Corzine for his role in the 2011 collapse of brokerage MF Global, announcing on Thursday that they are filing civil charges against the former New Jersey governor and senator.

The Commodity Futures Trading Commission said it is suing Corzine, who was MF Global’s chief executive, and the firm’s former Assistant Treasurer Edith O’Brien for the unlawful use of about $1 billion in customer funds that “harmed thousands of customers and violated fundamental customer protection laws on an unprecedented scale.”

Corzine, the onetime head of Goldman Sachs, returned to Wall Street when his political career ended in 2009 after he lost his reelection contest to current New Jersey Gov. Chris Christie.

But his attempts to transform MF Global into more of a Wall Street player blew up in late 2011, when the firm was forced to file one one of the largest corporate bankruptcies in history, which revealed more than $1 billion of missing customer money.

More...


Most Recent Related Stories...


Dow Jones plunges 1,000 points as inflation fears spook investors

Stock Market plunges more than 1000 points Wall Street was on Thursday heading for its toughest week in more than two years after...

Dow plummets 665 points, capping worst week in 2 years

Stock Market U.S. stocks fell sharply on Friday after a stronger-than-expected jobs report sent interest rates higher. The Dow...

U.S. Stocks Plummet, Erasing Gains for the Year

US stocks plummetU.S. stocks plunged, sending the Dow Jones Industrial Average down almost 1,600 points, as major averages...

Bombardier Gets Surprise Win After U.S. Rebuffs Boeing Trade Case

Bombadier wins right to ship to US without tariffBombardier Inc. can start shipping C Series jets to Delta Air Lines Inc. as scheduled after...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!