Federal regulators are accusing former New Jersey Gov. Jon Corzine of failing to properly manage MF Global, which misused customer funds before its 2011 collapse.
The trustee in the MF Global Holdings bankruptcy case has sued ex-CEO Jon Corzine and other former executives, alleging that they “failed to act in good faith” while running the company.
Edith O’Brien, the former assistant treasurer, says Jon Corzine ordered the money shifted to one of the firm’s bank accounts overseas, according to a memo that cited an email.
When MF Global, the financial company headed by former New Jersey Gov. Jon Corzine, came crashing down last fall, $1.2 billion vanished.
Former New Jersey Gov. Corzine told a Senate panel Tuesday that he never told anyone to “misuse” customer money that vanished when MF Global collapsed this fall.
Jon Corzine swore to tell the truth — as far as he knows it — about the crash of the brokerage firm he ran, which fell apart this fall in the eighth largest bankruptcy in United States history.
Bloomberg visited WCBS Newsradio 880’s new studios at 345 Hudson Street this morning and participated in an extensive interview with anchors Michael Wallace and Pat Carroll, as well as veteran political reporter Rich Lamb.
Defunct trading company MF Global Inc. says it is terminating its entire workforce of 1,066 employees a week after filing for bankruptcy protection.
Jon Corzine stepped down Friday from running the securities firm that collapsed after his disastrous bets on European debt.
Former New Jersey governor Jon Corzine is reportedly being considered as a possible replacement for Treasury Secretary Timothy Geithner if Geithner leaves before the end of Obama’s first term.