Report: It Looks Like Corzine Will Likely Stay Out Of The Slammer

Business Insider ^ | 2/24/12 | Rob Wile

[Libloather]

Report: It Looks Like Corzine Will Likely Stay Out Of The Slammer
Rob Wile | February 24, 2012

(AP)Dealbreaker's Bess Levin reports (via FoxBusiness) that former MF Global CEO Jon Corzine will not face criminal charges for his role in the firm's diverting of client funds and subsequent collapse.

Sources told FoxBusiness regulators were having "a very tough time" gathering evidence that would have put Corzine in the clinker.

[Flintlock]

Da fix...
is IN!

[DCBryan1]

It Looks Like Corzine Will Likely Stay Out Of The Slammer.

Not if Henry Bowman finds him first.....just sayin'.

[Flintlock]

Da fix...
is IN!

[csvset]

Corzine? Isn't he a filthy rich 1%'er? /s

Criminal bastard.

[Eric in the Ozarks]

The fix is in.

[vortec94]

Paging Henry Bowman... Still one of the great books. It’s to bad it’s not eBooked. I have 2 hard copies and a PDF file. They do get passed around but I’m pretty careful

[PigRigger]

Yep....just what I was thinking....one of their own....he'll never go down....maybe just a little embarassment...but that will be the extent of it....

...and the brain dead American Sheeple just keep moving along...truly amazing....

[Texas Fossil]

Apparently it was “legal” theft.

Obastard’s friends never are charged with their crimes. No surprises.

[dljordan]

“The psychopathic Wall Street criminals have been getting away with murder for so long they act invulnerable to societal mores and scoff at our laws, rules and regulations.”

They are indeed psychopaths and are protected by their fellow political psychopaths.

[dljordan]

“Paging Henry Bowman... Still one of the great books. It’s to bad it’s not eBooked. I have 2 hard copies and a PDF file. They do get passed around but I’m pretty careful”

Love that book. I had two copies but sold one to my manager. I kept the autographed one. :)

[Liz]

BLATANT USE OF ELECTIVE OFFICE---The scandal of Congress profiting from inside info recently surfaced. Somebody ought to check ex-Sen Jon Corzine's investments---- and his Senate earmarks. Read on.

BACKSTORY

(a) Then-US Sen Jon Corzine (D- NJ), used elected office to pass a special tax exemption for a Japanese bank he owned----G/S crony Christopher Flowers---adminstrator of Corzine's "blind trust"--- used Corzine's assets to takeover the Japanese bank. Corzine said he "did not know" the legislation he sponsored benefited him. (God only knows the insider deals he made with other Senators to get the bill passed.

(b) FAST FORWARD---Now Sen is Gov Corzine. He and G/S crony Brad Abelow---who Corzine appointed as NJ Treasury Secy---formed a private investmnent firm. The two financisl geniuses said they "did not know" that move was illegal for govt officials.

(c) Several NJ agencies went bankrupt with huge pots of money under Gov Corzine. $8B went missing from the Schools Bldg fund.

(d) Corzine, Abelow and Flowers---G/S cronies---all ended up at MF Global and presided over the disappearance of $1.2 billion.

All of this is no coincidence. Self- serving Corzine has always been about using public office to personally profit. .

-----------------------------------------

CONGRESS SHOULD BE ALL OVER THIS MF'ers Abelow and Corzine misled Congress on several points

1. When Congress asked Bradley Abelow about "previously working with Corzine," close- mouthed Abelow reluctantly mentioned being Gov Corzine's COS.

2. Abelow MADE NO MENTION of Corzine appointing him to head NJ's Dept of the Treasury--- where the two con artists controlled ALL of NJ's tax assets.

3. Abelow and Corzine SHOULD have been pressed about their formation of an investment company while they were principals of NJ govt and controlled its assets. The two "financial geniuses" said they did not known this was illegal.

4. Abelow also failed to disclose his current position---as chairman of the EPA's Financial Advisory Board. NOTE: The current EPA head also served in Gov Corzine's adminstration.

5. Abelow 's financial activities at EPA need top to bottom investigations. We need to know why Abelow is witholding crucial info. What does he have to hide?

========================================

POINTS TO PONDER

<><>Bradley Abelow, an MBA from Yale School of Management, served as chief of Staff to the Governor of New Jersey in the Cabinet of Gov. Jon Corzine.

<><>Corzine first appointed Abelow Secy of the Treasury.

<><>Abelow and Corzine were top executives at Goldman Sachs.

<><>Abelow was MF Global Chief Operating Officer; Corzine was MF's CEO.

<><> G/S alumni Chris Flowers controlled Corzine's "blind trust" while Corzine was in public office Flowers is also an MF principal.

ANALYSIS It defies imagination and common sense that these "financial geniuses" told Congress they can't figure out where the missing $1.2 billion transferred in and out of MF Global continually.....all done by wire transfer------called EFT's. There's a clear record of when, where, and how much for EACH wire transfer......like your cell phone bill. Each call is listed, the number dialed, the time of the call, and the duration.

Corzine and Abelow are making a huge mistake by underestimating the anger of those they left holding the bag----they socked NJ with massive debt, bankrupt state agencies, and a state pension fund 25% lighter, Billions of NJ tax assets are unaccounted for.

==================================================

SO WHERE IS THE MISSING MF GLOBAL MONIES? Time to connect the dots

<><> Corzine is a well-rounded operator. As Governor, he left the state of NJ $8 billion in debt. $8 billion went missing from one state agency....other agencies like UI and the Transporation Trust Fund went bankrupt with no explanation why. The $82 Billion state pension fund lost about 25%.

<><> OBAMA-CORZINE CONNECTION Right before Corzio’s reelection, Obama sent $17.5 Billion stimulus to NJ-—which promptly vanished. VP Biden is on record as having asked Corzine for financial advice----Biden has a son and a brother involved with the Stanford offshore fraud (Stanford is in jail.)

<><> MF Global principal Brad Abelow was Corzine’s appointee as NJ Treasury Secy——controlling ALL NJ assets. Gov and Secy started an investment business——but the two “financial geniuses” said they did not know this was illegal.

<><> MF Global principal Chris Flowers handled Sen/Gov Corzine’s “blind assets” ......Flowers led the takeover of a Japanerse bank for Corzine——Sen Corzine passed a bill giving the bank a US tax break......said he did not know the bill benefitted him.

<><><><> All three of the above-named MF Global principals are G/S cronies.

<><> Corzine registered three corporations in super-secret financial haven——Delaware——BEFORE taking office.

================================================

<><> Ponzi king Bernie Madoff made a generous contribution to Corzine’s gubernatorial campaign.

<><> When he went to jail, investigators found Madoff had stashed billions offshore---into a labyrinth of financial entities. Some $8.9 billion was funneled to Madoff through a dozen so-called feeder funds based in Europe, the Caribbean and Central America, ......a labyrinth of hedge funds, management companies and service providers that, to unsuspecting outsiders, seemed to compose a formidable system of checks and balances. But the purpose of this complex architecture was just the opposite: the feeder funds provided different modes for directing money to Madoff in order to avoid scrutiny and generate more fees.

<><><><> Then-Gov Corzine made several highly suspicious trips to Israel when he had no political reason to be there. Israel is the only place in the world where you can take a suitcase full of money to a bank-— and noboody asks where it came from. Isreal also has many businesses in NJ funded with grants from NJ state tax coffers-----as well as a NJ-based Israeli Chamber of Commerce.

All of these entities need rigorous investigation.

[6SJ7]

Steal 1.6 billion - go scott free.
Steal a $2 pumpkin - go to jail.

[Liz]

Obama was desperate for Corzine to get reelected.
Obama pulled out all the stops to get Corzio reelected.....to no avail.

<><>Obama had his WH "geniuses" take full control of Corzine’s campaign.

<><>Obama campaigned in NJ three times, Biden was there twice.

<><>Obama pro-Corzio TV ads ran relentlessly on costly NY media.

<><>Obama put the power of the WH political machine behind Corzine.

The NY Times reported:

(a) every TV ad Corzine put on the air was being screened by Obama’s WH “geniuses.”

(b) Corzine’s aides gave the WH daily briefings.

(c) Obama’s pollsters took over for Corzine’s polling team, and,

(d) White House operatives were on the ground for internal strategy sessions.

(e) Obama sent NJ $17.2 billion "stimulus" which promptly disappeared.

(f) secret strategy sessions were held to suckup the latino vote;

(g) a Peruvian PAC endorsed Corzine.

(H) Corzio bragged he had 20,000 paid operatives (union members) on the ground election day, paid to get out the vote in heavily Democrat NJ.

Corzine (former Goldman-Sachs exec) lost handily. Corzine's NJ loss and VA win were the only two 2009 n'wide races held---and both elected Repubs.

[ml/nj]

Love that book

Interesting that used copies are mostly in the $200 range and new ones $500.

ML/NJ

[Texas Fossil]

“Some persons consider that plunder is perfectly justifiable, if only sanctioned by law.” ~Frederic Bastiat before 1874

http://www.gutenberg.org/files/15962/15962-h/15962-h.htm

[vortec94]

Both of mine were used from eBay. Yes, I got mine in the $150 range. It’s a cult thing ain’t it.

[vortec94]

Both of mine were used from eBay. Yes, I got mine in the $150 range. It’s a cult thing ain’t it.

[bkopto]

a politically connected establishment elite can overtly violate multiple laws, steal millions of dollars from bilked investors....

Just a minor quibble here:

Corzine stole 1.6 BILLION, according to the latest estimates.

I don't want the magnitude of Corzine's crime to be low-balled.

Thank you, and now back to our regular programming...

[Inwoodian]

Hopefully, he’ll spend the rest of his life embroiled in “claw-back” litigation where the burden of proof is less stringent.

[Mr. Jeeves]

I wonder when Republicans will have "had enough" and storm the corrupt courts and media offices?

It isn't Democrat vs. Republican - it's Insiders vs. Outsiders. DeLay was acting as an outsider, taking shots at the establishment. You'll never see an Olympia Snowe or a Richard Lugar or a John McCain getting charged with these types of offenses, either.