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Corzine `Stunned' to Learn of Missing MF Funds

By: clo in FFFT | Recommend this post (0)
Thu, 08 Dec 11 5:33 PM | 60 view(s)
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That doesn't cut it, if he doesn't know he should NOT have been in this position, its malpractice, at the very least!

Corzine `Stunned' to Learn of Missing MF Funds

Dec. 8 (Bloomberg) - Jon Corzine, former chairman and chief executive officer of MF Global Holdings Ltd., said he was “stunned� to learn on Oct. 30 that the company couldn’t account for “many hundreds of millions of dollars.� In a statement prepared for a hearing today for the House Agriculture Committee, Corzine apologized to investors, customers and employees of the failed New York broker and said he doesn’t know the location of the estimated $1.2 billion in missing client money. MF Global filed for bankruptcy protection on Oct. 31. Sheila Dharmarajan and Erik Schatzker report on Bloomberg Television's "InsideTrack." (Source: Bloomberg)




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DO SOMETHING!


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