Corzine Knew Customer Money Was Used

By Shannon Bond and Tom Braithwaite
Jon Corzine, the former chief executive of MF Global, “was aware” that the broker-dealer made use of customer funds during its desperate fight for survival, a US Senate hearing was told on Tuesday.

Terry Duffy, chief executive of CME Group, the futures exchange operator which supervised MF Global’s handling of customer money, said a CME auditor heard an MF Global employee say during a conference call involving senior MF Global employees that “Mr Corzine was aware of the loans being made from segregated accounts”.

A spokesman for Mr Corzine declined to comment. The ex-MF Global boss and previous New Jersey senator reiterated to the same Senate hearing that he did not intend to authorise the improper use of customer funds to plug a hole in MF Global’s liquidity in the days leading up to the bankruptcy.

http://www.ft.com/intl/cms/s/0/a41e2254-25b4-11e1-9c76-00144feabdc0.html#axzz1gSlCLEZL

 

"The first guy I called... was Jon Corzine" http://www.youtube.com/watch?v=Quag9dp1Nn4

 

Biden wanted to know how to move the taxpayer's money from the government accounts into his accounts. I guess we'll see a Biden book deal soon. Although I don't think Biden can even read. :eek:

 

Why would a perpetual drunk need to read? Liquor bottle labels maybe?

 

Well, after he is out of his VP gig next year he will need to be able to spell T-A-X-I so he doesn't just get into anybodys car when he leaves the bar.

 

That's a big word, for a liberal democrap.

 

He can store that word in one brain cell for easy access then use his other brain cell for walking and other motor skills.

Of course, he will have to sit down in order to be able to talk unless he has a 3rd brain cell still alive.

 

Biden, a third brain cell? Not bloody likely.