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Jon Corzine will not face criminal charges over MF Global: report

Posted By admin On July 10, 2013 @ 4:30 am In Money Watch | Comments Disabled

Market Watch [1]
July 10, 2013

There will be no criminal charges for former New Jersey Governor Jon Corzine over the use of customer funds leading up to collapse of MF Global.

The criminal probe into whether there was wrongdoing on the part of Corzine by the Department of Justice will now be dropped due to lack of evidence, said a report in The New York Post [2], citing a person with knowledge of the matter.

But the former CEO of Goldman Sachs is not out of the woods.

Corzine is facing civil charges by the Commodities Futures Trading Commission for illegally using customer funds in the last few days of MF Global to help keep the company afloat.  The firm’s former assistant treasurer Edith O’Brien is also caught up in the scandal and charged by the CFTC for making the transfers.

Full article here [1]


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URL to article: http://www.prisonplanet.com/jon-corzine-will-not-face-criminal-charges-over-mf-global-report.html

URLs in this post:

[1] Market Watch: http://blogs.marketwatch.com/thetell/2013/07/08/jon-corzine-will-not-face-criminal-charges-over-mf-global-report/

[2] a report in The New York Post: http://economix.blogs.nytimes.com/2013/07/05/yes-the-sequester-is-affecting-the-job-market/

[3] You Won’t BELIEVE How Much Money Jon Corzine Could Walk Away With From MF Global: http://www.prisonplanet.com/you-wont-believe-how-much-money-jon-corzine-could-walk-away-with-from-mf-global.html

[4] Corzine Tells Judge That Due To Purchase Of 50,000 MF Global Shares Before Bankruptcy, He Must Acquit: http://www.prisonplanet.com/corzine-tells-judge-that-due-to-purchase-of-50000-mf-global-shares-before-bankruptcy-he-must-acquit.html

[5] Corzine Ordered $200M Moved to JP Morgan Days Before MF Global Collapse: http://www.prisonplanet.com/corzine-ordered-200m-moved-to-jp-morgan-days-before-mf-global-collapse.html

[6] Media Runs Defense For Corzine After MF Global Revelation: http://www.prisonplanet.com/media-runs-defense-for-corzine-after-mf-global-revelation.html

[7] Corzine Corzined – Congressional Panel Finds Former MF Global CEO Ordered JPM Fund Transfer: http://www.prisonplanet.com/corzine-corzined-congressional-panel-finds-former-mf-global-ceo-ordered-jpm-fund-transfer.html

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