Jon Corzine Sued By CFTC And May Be Banned From Futures Industry

By: Thursday June 27, 2013 12:00 pm

Former MF Global CEO and New Jersey Governor Jon Corzine has been sued by the CFTC for filing false reports, commingling funds, and other violations. If approved, Corzine could be heavily fined and banned from the futures industry, which would effectively make him ineligible to run a major Wall Street firm which all have a [...]

The No Accountability for Bank Fraud Blues

By: Thursday November 1, 2012 7:45 am

I noted yesterday that the Federal Energy Regulatory Commission planned to fine Barclays Bank for its role in manipulating US energy markets. The fine came out and it was a record, a $470 million penalty. After the London market had closed, the Federal Energy Regulatory Commission announced the scale of the fine – $435m, plus [...]

Corzine Ordered $200 Million Raid on MF Global Customer Accounts

By: Saturday March 24, 2012 8:17 am

In the most damning evidence thus far of malfeasance at MF Global, Bloomberg reports that former New Jersey Senator and Governor Jon Corzine, while CEO of the company, personally ordered $200 million in investor funds transferred to cover an overdrawn account at JPMorgan Chase. Bloomberg has the goods in the form of a memo from [...]

Corzine on MF Global Depositor Funds: “I simply do not know where the money is”

By: Thursday December 8, 2011 6:55 am

Former Senator Jon Corzine faces a House Agriculture Committee panel today, where he will testify that he doesn’t know “where the money is” from customer accounts that was used by his former company, MF Global, to trade on the company account. Joe Weisenthal points us in the direction of Corzine’s testimony, which he will give [...]

Revolving Door Watch: Goldman Alums on Opposite Sides of Regulatory Inquiry

By: Monday November 7, 2011 2:22 pm

The Jon Corzine MF Global case looks pretty cut and dried. Corzine, who has resigned as chairman and CEO of the firm, presided over the company when they went bankrupt and as they used reportedly hundreds of millions in customer funds to make bets on their own account, in violation of federal statutes. He has [...]

Report: MF Global Admits Using Customer Funds

By: Tuesday November 1, 2011 3:03 pm

With this latest twist, the MF Global scandal officially got real. MF Global, the failed securities firm led by Jon Corzine, admitted using clients’ money as its financial troubles mounted, a federal official says. An MF Global executive admitted that to federal regulators in a phone call early Monday after regulators discovered money missing from [...]

Jon Corzine’s MF Global Investigated for Missing Customer Funds

By: Tuesday November 1, 2011 6:55 am

In Greece they’re going back to the days of direct democracy with a referendum on the debt-relief-for-austerity deal. Here in the US, we’re reliving some ancient history too – specifically, 2008. Jon Corzine’s MF Global just engaged in a Lehman-like crash. One annoying detail: they appear to have stolen customer money in the process: Federal [...]

NJ-Gov: Polls Extremely Tight

By: Monday November 2, 2009 11:08 am

The new polls in the New Jersey Governor’s race have good news for Chris Christie and Jon Corzine, depending on which one you read. Quinnipiac: Christie 42, Corzine 40, Daggett 12 Survey USA: Christie 45, Corzine 42, Daggett 10 Monmouth: Corzine 43, Christie 41, Daggett 8 Democracy Corps: Corzine 41, Christie 37, Daggett 15 Every [...]

Bifurcation Between NJ and VA Polls Show Difference In Playing To Base

By: Tuesday October 27, 2009 9:53 am

There’s a week to go in the key gubernatorial races in New Jersey and Virginia. A Democratic Governor’s Association conference call yesterday sought to manage expectations, saying that the party out of the White House has come back to win both governorships in five straight elections, and if Republicans lose one of these races they [...]

NJ-Gov: Corzine 42, Christie 33 In New Poll

By: Monday October 26, 2009 8:44 am

The latest poll from Suffolk University shows Democrat Jon Corzine pulling away in the New Jersey Governor’s race, holding a 42-33 lead over Republican Chris Christie, with independent Chris Daggett receiving just 7% of the vote, far less than other polls show. Unlike other polls, the Suffolk poll reflected the actual number of candidates that [...]

NJ-Gov: Corzine Takes Slight Lead

By: Thursday October 22, 2009 7:29 am

The latest poll from New Jersey has both major-party candidates under 40% with independent Chris Daggett rising to 20% for the first time. But the poll also shows Gov. Jon Corzine with a three-point lead, 39-36, over Chris Christie. Christie has been dogged this week by that New York Times report showing the US Attorney [...]

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