Skip to comments.Corzine Corzined - Congressional Panel Finds Former MF Global CEO Ordered JPM Fund Transfer
Posted on 03/23/2012 1:31:40 PM PDT by SatinDoll
Then only thing that could top today's epic market insanity and hilarity, would be that Corzine is himself about to be Corzined. And just released from Bloomberg:
MF GLOBAL'S CORZINE ORDERED FUNDS MOVED TO JPMORGAN, MEMO SAYS CORZINE'S `DIRECT INSTRUCTIONS' CITED BY CONGRESSIONAL PANEL MF GLOBAL TRANSFER WAS USED TO COVER OVERDRAFT, PANEL SAYS MF GLOBAL FINDINGS CITED IN MEMO OBTAINED BY BLOOMBERG NEWS
And so we can now add perjury to felony embezzlement. Which means we now have to wait to find just which MF'er (and JPM'er) will be given a promise of untold millions if they only get Fab Tourred for a few years, and spend 5-7 in minimum security state prison instead of brave Jonny.
(Excerpt) Read more at zerohedge.com ...
“..MEMO SAYS CORZINE’S `DIRECT INSTRUCTIONS..”
Rut roh rassro
Yeah, like that's going to happen in my lifetime.
A woman shouted 'Pretend it's Obama' as Santorum shoots at gun range, and the SS is going to prosecute her for Thought Crime. Who do you believe is going to be in jail first?
Where is the 17 BILLION Obama gave you, Corzine ?
Hell, "the feds" are most likely in on it.
He’s wearing his Goldman Sachs ring of power, hes invisible. They cant find him. In reality, its the John Edwards two Americans, one for Corzine and one for you and I.
Not. Going. To. Happen. Top level Dems don't go to jail.
Maybe he can cop an insanity plea or claim brain damage from his SUV wreck and just return the funds. Jon, Time to let the chickens come home.. again. Hope he likes to milk cows, He’s Lompoc gone..
Corzine will be pardonned sometime in Nov 2012 to Jan 2013.
Couple of years ago I went to an outdoors show in Morgantown, WV. There was a booth selling wooden guns that shot rubber bands. Kids were allowed to try 'em out. On the back curtain were several cardboard targets. Each had a small number of rubber bands on the floor below it except one....it had a mountain of rubber bands below. Above that mountain was a picture of Zer0.
Went back to the show again this year and the same guy was there selling the same wooden guns. Just a couple of non-descript cardboard targets on the curtain. I asked him, "How come no Obama target this year?"
"I don't know what you're talking about" he replied.
I explained that I had seen his booth previously.
"I don't know what you're talking about."
I just stared at him for a moment, then gave him a half smile and said, "I understand." He just stared back, gave me a quick nod and then went about his business.
Nothing to see here folks. This story will get buried quicker than a cat turd.
Tar is on the stove!!!!!
but but but....he forgot and didn’t know where the money went....did he lie before Congress?
“And so we can now add perjury to felony embezzlement.”
And lying to Congress!
Jon Corzine Transferred $200 Million from Customers to JPMorgan
According to an October 28 memo sent by Edith O’Brien, a treasurer at the firm, the money was transferred “per JC’s direct instructions.” Three days later, the company collapsed.
O’Brien’s email is now in the hands of congressional investigators. When Corzine testified before Congress on December 8th, he said he had no idea where the $200 million had gone. I did not instruct anyone to lend customer funds to anyone, he insisted.
Document dump Friday afternoon...
The $200 million that eventually arrived wouldn’t have been enough to save the firm. But it could be more than enough to land Jon Corzine in hot water. The money was transferred from a “segregated customer account,” which can include both customer and company money. Using customer funds to fix up an overdrawn company account is illegal.
The story will continue in the next week as other MF Global executives take the stand. A JPMorgan representative will also testify, although the recent bombshell looks pretty good for them. According to Bloomberg, the British bank wrote a letter to MF Global regarding the transaction, hoping to ensure that any money to fund their account would be segregated from customer collateral. They wanted to get O’Brien’s signature. But the letter was never returned.
Wonder which of the Rats are getting paid so he could play.
The legal thing to do is to clawback any money that was from an illegal source. That means JPM pays it all back regardless of if they knew the source or not. On top of that Corzine goes to prison under the law.
But until now- All the other officials in this case have said that it is impossible to figure out where the money went, but that nothing illegal had occurred. Jail those little turds as well.
Saying “I have no idea what happened to the money” to a Congressional committee was already a felony under Sarbanes-Oxley.
Perjury makes it a twofer.
How many felonies does Corzine have to commit before there is even an attempt to prosecute?
What’s all the fuss about? Doesn’t everybody know that Democrat big shots are above the law?
"The Democratic party is a criminal enterprise."
..and how much went into the Swiss Bank Account of Barry and Moochie? Just sayin’...
So what else is new----govt crooks like Corzine and Obama have access to billions---our tax dollars. Look at the stats-----certified as the richest zones lie around DC----where the politicans live.
Other ripe areas for L/E:
(1) rigging NJ municipal bond sales---the financial lifeblood of G/S. Gov Corzine gave the woman heading up the muni-bonds a lucrative six-figure perch on the NJ/NY Pork Authority and even pumped her pension. If that's not a payoff "for services rendered", nothing is.
(2) suspicions that Gov Corzine rigged financial bombs in the $85 billion NJ pension system that will go off after he's left.
THE LATEST MF RIPOFF MF'ers demand the investors they screwed must kneel in obeisance to Abelow, et al, b/c the MF'ers are so "valuable".........these are hate crimes against innocent investors who handed over their money in good faith. Read on.
THIS JUST IN Three MF Global execs who ran the firm before it filed for bankruptcy will get bonuses this year. The Star-Ledger reports the bankruptcy court has to approve. The three are Bradley Abelow, COO (Remember him from the Corzine administration in Trenton?); Laurie Ferber, General Counsel and Henri J. Steenkamp, CFO. Heres the reasoning: The value that Brad, Henri and Laurie bring by helping to liquidate and recover assets for the estate outweighs the cost to retain them.
When it comes time to pay the bonuses, someone should say the money is missing, no one is sure where it went. There is precedent at MF Global for that. BTW, there's no word on the whereabouts of former MF CEO Jon Corzine. Maybe he went missing too.
Corzine should end up as part of a parking lot.
From your post - “... if they only get Fab Tourred for a few years, and spend 5-7 in minimum security state prison instead of brave Jonny.”
What’s getting “Fab Toured”?
I have no idea what “Fab Toured” means.
Many comments on these financial blogs read, to me, more like a foreign slang than English. Sorry.
N.J. Pension System....KABLOOOIE!!
(1) rigging NJ municipal bond sales (the financial bloodline of the G/S parasites). Gov Corzine gave the woman heading up the NJ muni-bonds program a lucrative six-figure perch on the NJ/NY Pork Authority and even pumped her pension. If that's not a payoff "for services rendered", nothing is.
(2) suspicions that Gov Corzine rigged financial bombs in the $85 billion NJ pension system that will go off now that he got kicked out of NJ govt.
(3) (GLOAT) THIS COULD BRING DOWN CORZINE AND OTHER SENATORS As a US Sen, Corzine got a bill passed which gave tax benefits to a Japanese bank which had been taken over by the trustee of Jonny's "blind trust" ---- trustee C. Flowers was a G/S crony and a a principal in MF Global. "Financial genius" Corzine said "he did not know" his Senate bill benefited him.
NOTE Few US Senators knew about the bank----Jon HAD to have given inside financial tips to members of the exclusive "Senate Enrichment Club" to get the bill passed.
“”Financial genius” Corzine said “he did not know” his Senate bill benefited him.
NOTE Few US Senators knew about the bank——Jon HAD to have given inside financial tips to members of the exclusive “Senate Enrichment Club” to get the bill passed.”
But Jon “didn’t know”...... : )