U.S. Civil Charges Against Corzine Are Seen as Near - NYTimes.com
Federal regulators are poised to sue Jon S. Corzine over the collapse of MF Global
and the brokerage firm’s misuse of customer money during its final
days, a blowup that rattled Wall Street and cast a spotlight on Mr.
Corzine, the former New Jersey governor who ran the firm until its
bankruptcy in 2011.
The Commodity Futures Trading Commission,
the federal agency that regulated MF Global, plans to approve the
lawsuit as soon as this week, according to law enforcement officials
with knowledge of the case. In a rare move against a Wall Street
executive, the agency has informed Mr. Corzine’s lawyers that it aims to
file the civil case without offering him the opportunity to settle,
setting up a legal battle that could drag on for years.
Took long enough to gather a case, or a scapegoat trying to come to a conclusion on this..
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