Questioned by senators he once served with, Jon Corzine told a panel
Tuesday that he never told anyone to “misuse” customer money that
vanished when MF Global collapsed this fall.
An estimated $1.2 billion in client funds are missing. Senators
are demanding that Corzine and two other executives at the securities
firm explain who authorized the transfer of money in the days before the
firm collapsed in the eighth-largest bankruptcy in U.S. history.
“I never gave any instruction to anyone at MF Global to misuse customer
funds,” Corzine testified at a hearing of the Senate Agriculture
Committee on Tuesday.”
Former U.S. Senator Jon Corzine tells a House panel he accepts
responsibility for his former firm MF Global's risky bets and said its
customers' losses weigh on his mind 'every day, every hour.' But he does
not know where some money is.
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