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Jon Corzine will not face criminal charges over MF Global

Jon Corzine

If you are a billionaire former Goldman Sachs CEO, ex-governor, and one of Obama’s biggest donors and steal $1.2 billion directly from the accounts of your customers and cover-up that theft, then you are not a criminal. If you reveal the un-Constitutional spying on all American citizens by the government, you are a traitor and face life imprisonment. This is your ... Read More »

Jon Corzine charged by regulators in connection with MF Global collapse

jon corzine

Regulators on Thursday settled charges against MF Global over the futures brokerage’s collapse, and also charged former Chief Executive Jon Corzine and former Assistant Treasurer Edith O’Brien in connection with the alleged misuse of customer funds. The Commodity Futures Trading Commission said MF Global had agreed to settle all charges against it, pay a $100 million penalty, and pay all ... Read More »

Congressional report blames Corzine for MF Global’s collapse

Former MF Global CEO Jon Corzine Testifies To House Hearing On Company's Bankruptcy

Congressional investigators took aim on Wednesday at a former colleague, Jon S. Corzine, blaming the onetime senator’s risk-taking at MF Global for accelerating the brokerage firm’s demise. In excerpts from a broader MF Global report to be released on Thursday, Republican members of a Congressional panel outlined a withering critique of Mr. Corzine’s 19-month tenure at the firm. Mr. Corzine, a former Democratic ... Read More »

It’s a matter of trust

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Part 1 “All the world is made of faith, and trust, and pixie dust.” ― J.M. Barrie – Peter Pan         “The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks.” – Lord Acton Who do you trust? Do you trust the President? Do you trust Congress? Do you ... Read More »

Jon Corzine, the man who stole $1.6 billion from customers for JP Morgan

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The only thing that could top today’s epic market insanity and hilarity, would be that Corzine is himself about to be Corzined. Just released from Bloomberg: MF GLOBAL’S CORZINE ORDERED FUNDS MOVED TO JPMORGAN, MEMO SAYS CORZINE’S `DIRECT INSTRUCTIONS’ CITED BY CONGRESSIONAL PANEL MF GLOBAL TRANSFER WAS USED TO COVER OVERDRAFT, PANEL SAYS MF GLOBAL FINDINGS CITED IN MEMO OBTAINED ... Read More »