Comments

You have commented 339 times on Rantburg.

Your Name

Your e-mail (optional)

Website (optional)

	My Original Nic Pic-a-Nic Sorry. Comments have been closed on this article.
Foto

Submit your comments on this article

-Lurid Crime Tales-

Corzine Gets Served Outside Capitol Hill Hearing

2011-12-16

[Forbes] Former MF Global CEO Jon Corzine was exiting the room during a recess in Thursday's House Financial Services Committee, when a man attempted to serve him with papers on behalf of one of the firm's former clients.

CNBC cameras captured a man walking up to Corzine as he exited the hearing room and attempting to serve him with a lawsuit. Corzine told the process server to see his lawyer and kept walking as someone in his party bent over to pick up the documents, which had been put on the ground in the former New Jersey senator and governor's wake. The network's Kayla Tausche said the suit is on behalf of a customer who had a $95 million MF Global account, filed in the Southern District of New York.

Earlier during Thursday's hearing, Corzine reiterated that he never authorized the misuse of customer money, never intended to do so and never said anything that could have been misconstrued to those ends.

The testimony comes after CME Group Executive Chairman Terrence Duffy said in a Senate Agriculture Commitee hearing Tuesday that an MF Global employee told CME auditors that Corzine knew about a loan to the brokerage firm's European subsidiary that came from commingled customer funds.

Posted by:Fred

#6 "How much of this money has been laundered and funneled into Obama's re-election campaign?"

Most of it, John. :-(

Posted by: Barbara 2011-12-16 21:12

#5 Would Corzine misbehaved if he had not been a close friend and supporter of Obama? Corzine bundled big bucks to Obama. Those guys don't go to jail.

Posted by: whatadeal 2011-12-16 20:44

#4 How much of this money has been laundered and funneled into Obama's re-election campaign?

Posted by: JohnQC 2011-12-16 16:36

#3 Typical democrat. What's yours is mine and what is mine is mine...part of the democratic oligarchy. France under Louis XVI was not this corrupt.

As an aside, I'm waiting for the other shoe to drop on the Pelosi insider trading/vast accumulation of wealth while speaker investigation ruminating in the bowels of the SEC. That one will tear the democratic party apart if it sees the light of day.

Did you notice I didn't capitalize democrat?

Posted by: Bill Clinton 2011-12-16 16:10

#2 I know it's probably waaaay too much to hope for, but nonetheless I've entertained myself with the thought that Corzine might mitigate a very well-deserved criminal sentence by diming out the folks behind the curtain who deliberately caused the financial crisis (remember former Rep. Kanjorski's claim on CNBC about how "someone threw us in the middle of the Atlantic Ocean without a liferaft?"). I'd be perfectly fine with Corzine getting just a few years in Club Fed, or even probation and a fat fine, if it led to Supermax time for someone like Soros.

Posted by: Ricky bin Ricardo (Abu Babaloo) 2011-12-16 16:08

#1 Sweating bullets yet?

Posted by: Creregum Glolump8403 2011-12-16 02:31

00:00