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Triple Lutz Report--Is Justice Coming for Jon Corzine--Episode 175
The Financial Survival Network ^ | 03/24/2012 | Kerry Lutz

Posted on 03/24/2012 8:35:28 AM PDT by appeal2

Late Friday afternoon, the time when they love to release damaging news in the hope that it will get lost in the weekend spin cycle, a rehashed disclosure came out about "Knows Nothing" Jon Corzine. A memo had been located, which showed that Corzine had specifically directed that client funds be used to cover an MF Global bounced check to JP Morgan Chase. While this was a partial rehash, in light of recent findings, it adds clarity to Corzine's actions when MF hit the fan. An assistant treasurer Edith O'Brien of the MF sent the email as part of a CYA effort, to avoid being scapegoated by Corzine, for the theft.

She states that JC(Jon Corzine) directly ordered $200 million in "segregated" customer funds be used to pay the overdraft. Of course Corzine is saying that he had no idea client funds were used for this purpose. But one must doubt the veracity of this claim. Would a mid level employee take it upon herself to raid the customer's accounts, to stave off MF's collapse? A good question that needs to be answered before a grand jury. Perhaps an offer of immunity or a reduced sentence will help jar O'Brien's memory.

Listen to the Report Now


TOPICS: Business/Economy; Government
KEYWORDS: corzine; justice; mfglobal
I'd like to think he'll be brought to justice, but I'm not overly hopeful. But I'd love to be surprised.
1 posted on 03/24/2012 8:35:32 AM PDT by appeal2
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To: appeal2
Has Soetoro returned all of JC’s campaign donations yet?
2 posted on 03/24/2012 8:46:40 AM PDT by immadashell
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To: immadashell

According to a CNN’s political blog report from Dec. 23, 2011, Obama campaign officials returned the $70,000 contribution from Jon Corzine. (Who knows if this is factual information.)


3 posted on 03/24/2012 9:12:35 AM PDT by mia
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To: appeal2
I'd like to think he'll be brought to justice, but I'm not overly hopeful.

What kind of justice and how much of it do you want? Do you have the right kind of friends in high places? That helps a lot, you know. The sooner you write the check, the sooner the justice arrangement process can be started.

This may be just one of those rumors, but I've heard the Chicago way was actually built in New Jersey.

4 posted on 03/24/2012 9:22:31 AM PDT by Standing Wolf
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To: appeal2

“please, please, please”


5 posted on 03/24/2012 10:47:03 AM PDT by Blaine Fabin
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SHOW ME THE MONEY!


6 posted on 03/28/2012 9:54:57 AM PDT by devolve (- - - - - - - - - - - - - - - - - - - - - - you can*t do that with a WebTV - - - - - - - - - - - -)
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