MF Global

4:38pm

Thu June 27, 2013
The Two-Way

Regulators File Charges Against Corzine Over MF Global Debacle

Federal regulators are suing former MF Global Holdings CEO Jon Corzine, accusing him of not properly supervising the company that filed for bankruptcy back in 2011. The Commodity Futures Trading Commission says Corzine failed to keep money that belonged to the brokerage's customers from being used to cover MF Global's obligations.

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1:54am

Thu March 29, 2012
Business

Former MF Global Exec Takes 5th At Hearing

Originally published on Thu March 29, 2012 9:28 am

Former MF Global Holdings Ltd. Chairman and CEO Jon Corzine testified on Capitol Hill in December. On Wednesday, a former executive at the company refused to answer lawmakers' questions about events in the run-up to the firm's collapse.
Susan Walsh AP

A former executive at the center of the meltdown of brokerage firm MF Global appeared before Congress on Wednesday to answer questions from lawmakers. Members of the House Financial Services Committee were hoping assistant treasurer Edith O'Brien would explain the actions of the firm's CEO, ex-New Jersey Gov. Jon Corzine.

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1:25pm

Mon March 26, 2012
The Two-Way

Did Corzine Know Money Transfer Came From Customer Account?

Former New Jersey Gov. Jon Corzine (D).
Mario Tama Getty Images

On Friday, we reported that former New Jersey Gov. Jon S. Corzine directly ordered $200 million transfered from a segregated customer account to an MF Global account in London, according to a memo from the House Committee on Financial Services.

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12:01pm

Thu January 5, 2012
The Two-Way

Report: Shortly Before MF Global Collapse, Corzine Was Château Shopping

Originally published on Thu January 5, 2012 12:11 pm

Former MF Global Holdings Ltd. Chairman and Chief Executive Officer Jon Corzine testifies on Capitol Hill in Washington.
Susan Walsh AP

In its February issue, Vanity Fair has a long report on Jon Corzine, the former head of Goldman Sachs and former Democratic governor of New Jersey. Corzine has been in the news lately for his role in MF Global, which last year collapsed spectacularly and left $1.2 billion in client money missing.

The piece talks to friends and former associates of Corzine and paints a picture of a CEO who took great risks and micromanaged.

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6:03am

Thu December 8, 2011
The Two-Way

Corzine Apologizes, Defends Actions Of MF Global, May Invoke Fifth

Originally published on Thu December 8, 2011 11:11 am

Former New Jersey Gov. Jon Corzine (D).
Mario Tama Getty Images

Former New Jersey senator and governor Jon Corzine, who led MF Global as it spectacularly collapsed in a bankruptcy that has left $1.2 billion in client money missing, is due at a House Agriculture Committee hearing this morning to face questions about what happened.

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