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Jon Corzine

Congresswoman Marcy Kaptur Confronts MF Global and Wall Street

Janet Tavakoli | Posted 02.25.2012 | Business
Janet Tavakoli

When it comes to fraud, if you don't look for it, you don't find it, because when it comes to fraud, there is always a cover-up.

Obama Campaign Returns Corzine Donations

AP | By KEN THOMAS | Posted 12.24.2011 | Politics

WASHINGTON -- President Barack Obama's re-election campaign and the Democratic National Committee have returned more than $70,000 in contributions fro...

Marcus Baram

MF Global's Risky Practice Could Lead To Next Crisis

HuffingtonPost.com | Marcus Baram | Posted 12.22.2011 | Business

The swift implosion of MF Global highlights a common practice used by aggressive speculators, one that experts say makes the broader financial system ...

MF Global Trustee Pursues Client Funds Held Overseas

Posted 12.21.2011 | Business

The U.S. trustee for bankrupt MF Global Holdings Inc is working to recover $700 million of client funds held by the broker's UK affiliate for U.S....

Corzine Meets Madoff

Christopher Brauchli | Posted 02.15.2012 | Business
Christopher Brauchli

A number of people have begun wondering what the difference is between Jon Corzine and Bernie Madoff. The answer is that Mr. Madoff knew exactly where his clients' missing billions of dollars went. Mr. Corzine is still trying to figure that out.

Rehypothecation Is An Old Story: MF Global's Story Is a Different Story of Filched Funds

Janet Tavakoli | Posted 02.15.2012 | Business
Janet Tavakoli

It was as if a Member of Congress had become Corzine's PR flack. Jon Corzine has been a big Congressional fundraiser and bundler, and it is interesting to see how cheaply some Members of Congress can be bought.

Jon Corzine Disputes Notion He Knew About Misused Customer Funds

AP | DANIEL WAGNER and MARCY GORDON | Posted 02.14.2012 | Business

WASHINGTON — Jon Corzine's three days of testimony on MF Global's collapse offered little to satisfy lawmakers or clients who lost millions when...

Corzine and Madoff: The Fruit of Financial Deregulation

Mark W. Schleisner | Posted 02.14.2012 | Politics
Mark W. Schleisner

The congressional advocates of deregulation insist that a market unfettered by government supervision creates jobs and prosperity. They're right -- i...

As MF Global Teetered On Collapse, Firm Drew Up Survival Guide

Posted 12.14.2011 | Business

WASHINGTON (Reuters) - Just days before it declared bankruptcy on October 31, MF Global concluded it could remain solvent even if a major ratings ...

Was Corzine Aware Of His Company Misusing Customer Funds?

Posted 12.14.2011 | Business

(Alexandra Alper and Aruna Viswanatha) - The regulatory arm of CME Group has turned over interviews to the Justice Department that allege former M...

Ex-MF Global CEO Tells Senators He Never Authorized 'Misuse' Of Client Funds

AP | DANIEL WAGNER and MARCY GORDON | Posted 02.12.2012 | Business

WASHINGTON — A financial-exchange executive said Tuesday that Jon Corzine might have known that MF Global tapped clients' money to lend to a Eur...

More Frozen MF Global Funds To Be Released To Customers

AP | The Associated Press | Posted 02.08.2012 | Business

The judge overseeing the bankruptcy of MF Global has approved releasing $2.2 billion more in frozen funds to customers of the firm. U.S. Bankruptcy J...

Ex-MF Global CEO Says He 'Never Intended' To Break Rules

Posted 12.09.2011 | Business

A contrite Jon Corzine, in his first public defense of his leadership of now-bankrupt futures brokerage MF Global, told U.S. lawmakers he "never i...

Jon Corzine Dodges the Fraud Question

Janet Tavakoli | Posted 02.08.2012 | Business
Janet Tavakoli

It seems Jon Corzine would have Congress believe he's hopelessly incompetent, because it is better to have them believe that than the business for which he was responsible was breathtakingly wrong.

Corzine Tells Congress Predecessors To Blame For MF Global Fall

AP | DANIEL WAGNER and MARCY GORDON | Posted 02.07.2012 | Business

WASHINGTON — Summoned by Congress, Jon Corzine embraced a bold strategy Thursday to distance himself from MF Global's fall and $1.2 billion in m...

Jon Corzine gave $5 million to help candidates win office; now he's being grilled by Congress

The Center for Public Integrity | Posted 02.07.2012 | Business
The Center for Public Integrity

By Aaron Mehta and Sandy Johnson, iWatch NewsJon Corzine, a one-time wizard of the financial world, testified Thursday he doesn't know where a billi...

Jon Corzine: 'I Simply Do Not Know Where The Money Is'

AP | Posted 02.07.2012 | Business

* Corzine says was "stunned" by news of missing funds * Says would never intend to break customer fund rules * CME says ...

Corzine Warned About Europe Bets Before MF Global Collapse

Posted 12.06.2011 | Business

A top official within MF Global warned the company's former CEO John Corzine about the firm's growing bet on European bonds -- a risk that likely plun...

Why Corzine Won't Do Time

Robert Kuttner | Posted 02.03.2012 | Business
Robert Kuttner

Will Jon Corzine, former U.S. senator, former New Jersey governor, former chairman of Goldman Sachs, end his high-profile career in the slam? Don't bet the farm on it.

Congressional Panel Subpoenas Former MF Global CEO

AP | MARCY GORDON | Posted 02.01.2012 | Business

WASHINGTON — A congressional panel has voted to subpoena former Sen. Jon Corzine to testify next Thursday about his role leading MF Global, a br...

Analysis: MF Global Collapse Proves Enron-Style Accounting Lives On

Posted 12.01.2011 | Business

The off-balance-sheet accounting methods that Enron and Lehman Brothers made famous in their epic failures years ago have a modern-day poster chil...

Senators To Grill Regulators On MF Global Collapse

Posted 12.01.2011 | Business

Senators plan to press regulators on Thursday on whether they were asleep at the switch as now-bankrupt MF Global took on massive risky bets, and ...

Obama's Corzine Problem

Charles Gasparino | Posted 01.28.2012 | Business
Charles Gasparino

Just a few months ago Jon Corzine was on the short list to be Treasury Secretary, but now he's ignoring a request to testify before a subcommittee investigating the demise MF Global and setting up a showdown that could have major implications for the president's re-election.

Former FBI Director Appointed Trustee In MF Global Bankruptcy Case

Posted 11.26.2011 | Business

(BEN BERKOWITZ, Reuters) - Former FBI director Louis Freeh was appointed trustee in the MF Global (MFGLQ.PK) bankruptcy case on Friday, days after...

Wall Street: Brush Up Your Melville

Carla Seaquist | Posted 01.23.2012 | Business
Carla Seaquist

The "monomaniac" pursuit of profit, taken to "demoniac" extremes (two words Melville uses repeatedly) is a killing pursuit that can take every last thing -- even the ship itself (read: the nation) -- down.