TV News LIES

Monday, Jul 14th

Last update08:01:43 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...


Trump announces 30% tariffs on Mexico, European Union

Pres. of MexicoPresident Donald Trump will slap a 30% tariff on all imports from Mexico and the European...

US dollar has worst first half in more than 50 years amid Trump tariffs

Dollar fallsThe US dollar has had its worst first half-year in more than 50 years, as the...

Trump hits Canada with 35 percent tariff

Canada hit with 35% teriffTrump posted a letter sent to Canadian Prime Minister Mark Carney in which he outlined the...

Fed would have cut US interest rates by now if it weren’t for Trump’s tariffs, says Jerome Powell

Jerome Powell Federal Reserve chair Jerome Powell said earlier this morning that the central bank would likely have...
 
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!