It's similar to fire insurance..if you take our coverage, then burn your house down, it's not in effect..
This was a major fraud..all the cash balances were removed and transferred. It takes several clerks..back office personnel..to do this..Corzine ordered it to be done, but the ones who actually did the transfers knew they were breaking the law..and should have refused to comply, AND reported it to the authorities..They probably went along, because they were told by Corzine, and he convinced them, that it would all be put back in a few days, no one would know, and it would save the firm, and their jobs..
They're now talking to the feds,a nd attemptig to work out plea bargains for themselves. The Feds wan direct testimony linking Corzine to the criminal acts..
If this is true, look at the bright side. Supposing for the moment that Corzine doesn't skate because of his Democratic connections, he's got enough money to actually make good on $500 million of the theft!
Do you actually know that, or is it wishful thinking on your part?
(If the latter, I'm wishing too)