CFTC civil suit against Corzine - and others

'CFTC likely to charge MF Global execs beyond Corzine: legal experts'
by Karen Freifeld and Emily Flitter NY Tue Jun 25, 2013 3:32pm EDT

(Reuters) - The lawsuit that the U.S. Commodity Futures Trading Commission is
considering filing against MF Global chief executive Jon Corzine would require the
CFTC also to charge other former MF Global employees, legal experts said on Tuesday.
MF Global made a $6.3 billion bet on European sovereign debt and went bankrupt
after dipping into customer accounts to try to meet margin calls, a violation of
industry rules." more:
http://www.reuters.com/article/2013/06/25/us-cftc-corzine-suit-idUSBRE95O1B320130625

 

At least he's going to get a slap on the wrist... better than nothing at all.

 

not so sure about that, think a civil suit has freer legal requirements which might
result in evidence being revealed from which criminal charges could be laid, plus
they can call anyone to appear before the court to give evidence