Skip to comments.Farmers Sue (Democrat) Jon Corzine Over Missing Millions (Obama supporter and campaign financier)
Posted on 01/10/2012 4:26:11 AM PST by tobyhill
Montana farmers have filed a class action suit against former New Jersey governor Jon Corzine, charging that the failed financial firm run by Corzine stole millions from their accounts to pay off its spiraling debts, and that Corzine's "single-minded obsession" with making MF Global a big player on Wall Street led to the firm's collapse.
MF Global's clients included 38,000 wheat farmers, cattle ranchers and others who "hedged" their crop prices by placing millions in MF Global accounts. Those accounts were supposed to be "segregated and secure," according to the federal suit, meaning MF Global could not draw on those funds.
The lawsuit, filed on behalf of all 38,000 customers, alleges that when MF Global made a series of bad investments -- notably in European debt -- it began "siphoning funds withdrawn from segregated client accounts" to cover its debts.
(Excerpt) Read more at abcnews.go.com ...
“Montana farmers have filed a class action suit against former New Jersey governor Jon Corzine”
Too bad. As one of husseins good buddies, he’s untouchable like the rest of his criminal laden administration.
I believe for financial crimes in Switzerland they put you in jail, actually house arrest in some hotel, and then do the investigation. Found innocent you are freed, not, you go to the big slammer.
As Paul Erdman, author, put it in one of his novels: Switzerland is where they have two capital crimes, murder and bank fraund with fraud considered the worse of the two.
Massive fraud is worse than murder, in most cases.
With murder, it’s usually the death of a few people.
With Madoff-like fraud, it’s effectively the death of masses.
No one has a better understanding of govt than Newt , he would clean house of that criminal laden crew .
He was looking to get out of town for good before the dam broke...
“he would clean house of that criminal laden crew .”
He might clean house, but will he try any for treason?
Day 72 and still can't find the missing Billions!
NEVER voluntarily give your money to a leftist!
Corzine gave the $$$$ to 0 so he can buy Government Motors and the rest he gave to GM to build the Volt.
Corzine’s wrongdoings haven’t reached the level of Martha Stewart’s yet.
If farmer’s (and others) money was sitting secured then why hasn’t the insurance fund paid out to make everyone whole after funds went missing? Hints: former CEO of Goldman Sachs, former Senator, former Governor of New Jersey, SEC stonewalling the investigation.
Picked them clean.
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