MFs Corzine Ordered Funds Moved to JP Morgan, Memo Says
Jon S. Corzine, MF Global Holding Ltd. (MFGLQ)s chief executive officer, gave direct instructions to transfer $200 million from a customer fund account to meet an overdraft in a brokerage account with JPMorgan Chase & Co. (JPM), according to a memo written by congressional investigators. Edith OBrien, a treasurer for the firm, said in an e-mail quoted in the memo that the transfer was Per JCs direct instructions, according to a copy of the memo obtained by Bloomberg News. The e-mail, dated Oct. 28, was sent three days before the company collapsed, the memo says. The memo does not indicate whether that phrase was the full text of the e-mail or an excerpt. ... Corzine, 65, in testimony in front of the House panel in December, said he did not order any improper transfer of customer funds. Corzine also testified that he never intended a misuse of customer funds at MF Global, and that he doesnt know where client funds went. I never gave any instruction to misuse customer funds, I never intended anyone at MF Global to misuse customer funds and I dont believe that anything I said could reasonably have been interpreted as an instruction to misuse customer funds, Corzine told lawmakers in December. http://www.bloomberg.com/news/2012-03-23/mf-global-s-corzine-ordered-funds-moved-to-jpmorgan-memo-says.html So, When is Corzine Going to Jail? Any chance for a pre-emptive pardon? J - Jons a leader whos been called to govern in some extraordinary times. Jon Corzine wasnt just the first governor to pass an economic recovery plan for his state. He was an ally with the Obama administration in helping us develop a national recovery plan. - Barrack Obama One of the things youve got in Jon Corzine is somebody who tells it to you straight. - ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:349049 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
