CFTC charges Jon Corzine in MF Global collapse
The Commodity Futures Trading Commission on Thursday filed an
enforcement action against former New Jersey Governor Jon Corzine
related to the collapse of MF Global Holdings Ltd., the commodity
trading firm he oversaw. The CFTC also filed civil charges against
former MF Global assistant treasurer Edith O'Brien, who played a key
role in the days leading up the bankruptcy of the firm. In addition, MF
Global was fined $100 million and ordered to make payments to all
customers. The charges are for improper movement of customer funds in
the final days of the firm, which led to more than $1 billion in missing
customer funds. This settlement is subject to court approval.
Its about F'en time assholes...
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