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Internal email shows Corzine ordered funds transfer as MF Global collapsed

In a shocking new revelation concerning last fall’s collapse of New York brokerage firm MF Global, it has been learned that CEO Jon S. Corzine personally ordered the transfer of $200 million out of a customer fund to cover an overdraft at one of the firm’s own accounts with JPMorgan…

Corzine can’t explain missing MF Global funds

WASHINGTON — Former Wall Street high-flyer and Democratic politician Jon Corzine told US lawmakers Thursday he did not know what happened to an estimated $1.2 billion that disappeared from the accounts of now bankrupt broker MF Global. Corzine — former US senator, New Jersey governor, head of Goldman Sachs and…

Corzine apologizes for collapse of MF Global

WASHINGTON (Reuters) – Jon Corzine, the former chief executive officer of MF Global, apologized to a U.S. House panel on Thursday for the collapse of the brokerage and said he was “stunned” when he first learned customer funds were missing. “I simply do not know where the money is, or…

MF Global workers sue Corzine, other execs

(Reuters) – Past and present MF Global employees sued ex-CEO Jon Corzine and other executives over alleged misrepresentations they say destroyed the value of the company’s stock. Two former employees are seeking class-action status on behalf of any current or former MF Global worker who bought company shares through stock purchase plans since mid-2010. Corzine, the…

MF Global trustee says $1.2 billion missing from company

NEW YORK (Reuters) – The shortfall of commodity customer funds at MF Global Holdings Ltd may be around $1.2 billion, about double initial estimates from regulators, the trustee liquidating the company said on Monday. The news was a blow to customers still hoping to get more of their cash out of frozen broker accounts…

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