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(Image from article: "MF Global goes bankrupt, is 1st U.S. casualty of European crisis")

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Corzine strategy led to MF Global collapse: trustee

Jon Corzine's aggressive bets on European sovereign debt while head of the MF Global Holdings Ltd brokerage led to the firm's dramatic collapse in 2011, according to a report by the bankruptcy trustee.

 

MF Global trustee threatens suit against Corzine

Jon Corzone

Former New Jersey Gov. Jon Corzine could face a lawsuit from the trustee trying to recover $1.6 billion in customer money from the collapse of the brokerage MF Global.

 

Corzine:Don't know where firm's missing money is

Jon Corzine House Panel Hearing

Jon Corzine told a congressional panel Thursday that he never intended to break rules requiring failed securities firm MF Global to safeguard client funds. He also said he doesn't know what happened to an estimated $1.2 billion that went missing.

Senh: It's probably under his mattress. That doesn't inspire confidence when you have no idea where your clients' money is. How is that even possible?

 

CEO Corzine steps down at MF Global

CEO Corzine steps down at MF Global

He set out to create a mini-Goldman Sachs. In the end, he built a mini-Lehman Brothers. Former New Jersey Gov. Jon Corzine's resignation Friday from the securities firm he led capped a week of high drama and swift failure. Less than a week ago, Corzine had expected to sell his firm, MF Global. By week's end, it had collapsed into bankruptcy. And Corzine had hired a criminal defense lawyer in the face of an investigation of the firm by the FBI and federal prosecutors.

Senh: When there is such an obvious conflict of interest as this, why isn't Gary Gensler removed from the investigation team. The guy has worked with and has close ties to Jon Corzine. It's apparent that he's not going to have the best interest of clients who has lost millions.

 

MF Global goes bankrupt, is 1st U.S. casualty of European crisis

MF Global goes bankrupt, is 1st U.S. casualty of European crisis

The Wall Street firm run by former Goldman Sachs Chairman and New Jersey Gov. Jon Corzine filed for bankruptcy Monday morning, making it the first big American casualty of the European debt crisis.

 

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