Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Email Ties Corzine to Missing Funds
WSJ ^ | March 23, 2012 | MIKE SPECTOR, JULIE STEINBERG and AARON LUCCHETTI

Posted on 03/24/2012 8:20:03 AM PDT by Brilliant

Edited on 03/24/2012 8:27:36 AM PDT by Admin Moderator. [history]

Jon S. Corzine gave "direct instructions" to move $200 million from an MF Global Holdings Ltd. account containing customer funds three days before the securities firm collapsed, according to an employee email reviewed by congressional investigators.

The Oct. 28 email was disclosed in a five-page memo released Friday afternoon by a House Financial Services subcommittee. The panel is investigating what caused an estimated $1.6 billion shortfall in customer funds at MF Global, which collapsed into bankruptcy Oct. 31.


(Excerpt) Read more at online.wsj.com ...


TOPICS: Crime/Corruption; Politics/Elections
KEYWORDS: corzine; joncorzine; mfglobal
Who else?
1 posted on 03/24/2012 8:20:07 AM PDT by Brilliant
[ Post Reply | Private Reply | View Replies]

To: Brilliant

Someone is now officially in heap big trouble !


2 posted on 03/24/2012 8:23:36 AM PDT by major-pelham
[ Post Reply | Private Reply | To 1 | View Replies]

To: Brilliant

Come on guys,

Corzine is a made man, a plugged in statist totalitarian democrat. You REALLY expect he`s gonna get the Bernie Madoff treatment !?

6 months country club prison, the ones with no fences at the most but likely no prosecution at all.


3 posted on 03/24/2012 8:26:16 AM PDT by Para-Ord.45
[ Post Reply | Private Reply | To 1 | View Replies]

To: Brilliant
Edith O'Brien, an assistant treasurer who was among the employees involved in moving money at MF Global, wrote in the email that the $200 million transfer to an MF Global account at J.P. Morgan Chase JPM +1.14% & Co. in London was “Per JC’s [Jon Corzine’s] direct instructions,” according to the memo.

Thanks for the clarification on the “JC”; I was thinking this was one of those scumbag liberal “What would Jesus do” defenses of the indefensible. I'm sure the Socialist “JC” (John Corzine) will simply state that he was “making a joke to Edith”, which she took seriously. I'm sure the liberal POS had no intention of stealing his ignorant customers’ money in order to cover for his own ineptitude, because we all know how out of character it is for liberals to misuse others’ money.

4 posted on 03/24/2012 8:27:07 AM PDT by Common Sense 101 (Hey libs... If your theories fly in the face of reality, it's not reality that's wrong.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Brilliant
said he never directed anyone to misuse customer funds.

obvious weasel words.


5 posted on 03/24/2012 8:30:01 AM PDT by Donald Rumsfeld Fan ( I am Breitbart)
[ Post Reply | Private Reply | To 1 | View Replies]

To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

Corzine may be the Summer Blockbuster; otherwise it’ll be the dead 6’ 2” football thug shot dead in Florida (that’s what’s shaping up, it’s the Party of Treason’s alibi for Zero’s incompetence and ineligibility), or perhaps international intervention in Syria, or Iran, or maybe all of these. Thanks Brilliant.


6 posted on 03/24/2012 8:31:40 AM PDT by SunkenCiv (I come to bury Caesar, not to praise him)
[ Post Reply | Private Reply | View Replies]

To: Liz; STARWISE; maggief; onyx

Mmmm mmm mmmm
WSJ
He’s in trouble now.....


7 posted on 03/24/2012 8:32:06 AM PDT by hoosiermama (Stand with God and Sarah, the Gipper and Newt will be standing next to you.)
[ Post Reply | Private Reply | To 5 | View Replies]

To: Brilliant

Co-mingling

Interstate / International wire fraud

RICO

Oh noes ......


8 posted on 03/24/2012 8:34:20 AM PDT by Vendome (Don't take life so seriously, you won't live through it anyway)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Para-Ord.45

Didn’t Corzine testify to Congress that he didn’t know where all the investors money went?

He could be brought up on some perjury charges, as we see he did know and direct money to be transferred out.

Whether he faces any legal issues is doubtful because he’s a good Democrat.


9 posted on 03/24/2012 8:39:50 AM PDT by Dilbert San Diego
[ Post Reply | Private Reply | To 3 | View Replies]

To: Vendome

You seem to be under the misapprehension that the laws apply to the ruling class. Corzine probably knows too much on too many people to ever let this get aired in court.


10 posted on 03/24/2012 8:41:02 AM PDT by PAR35
[ Post Reply | Private Reply | To 8 | View Replies]

To: Brilliant
Couldn't happen to a nicer guy. Corzine has always been a liar and a fraud. As is the liberal sycophant media which abets the crimes. Why isn't OccupyWallStreet hanging out in front of his house?

NYT LIES: Mr. Corzine was in the front passenger seat when his state police vehicle swerved to avoid an apparently out-of-control driver on the Garden State Parkway

The truth comes out a week later ... Trooper speeding revealed ...


11 posted on 03/24/2012 8:41:53 AM PDT by Servant of the Cross (the Truth will set you free)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Para-Ord.45

He’ll want to hurry and get sentenced so Barack can give him a 19 Jan. pardon along with Blogo....


12 posted on 03/24/2012 8:43:25 AM PDT by G Larry (We are NOT obliged to carry the snake in our pocket and then dismiss the bites as natural behavior.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Brilliant
Nothing's going to happen to Corzine. He's wired. Anything happens to him, and hundreds of other big Democrat donors are going to get nervous about how far their necks are stuck out. Bye-bye big campaign bucks for the upcoming elections.

Never happen.

13 posted on 03/24/2012 8:51:32 AM PDT by Steely Tom (Obama goes on long after the thrill of Obama is gone)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Brilliant
MF Global. What's MF short for?

I wonder how Carla Katz is doing these days anyways?

14 posted on 03/24/2012 8:52:07 AM PDT by csvset
[ Post Reply | Private Reply | To 1 | View Replies]

To: Dilbert San Diego

I know of some baseball players that lied to congress and faced charges for lying under oath....so I don’t see much of a problem in having him appear in front of a Grand Jury. There are fifty different state attorney generals who ought to be just as happy to do the job, if the US Justice Department isn’t capable of doing it.


15 posted on 03/24/2012 8:55:12 AM PDT by pepsionice
[ Post Reply | Private Reply | To 9 | View Replies]

To: csvset
I wonder how Carla Katz is doing these days anyways?

Former N.J. Gov. Jon Corzine, Carla Katz's forbidden e-mails are revealed

16 posted on 03/24/2012 9:07:06 AM PDT by Servant of the Cross (the Truth will set you free)
[ Post Reply | Private Reply | To 14 | View Replies]

To: major-pelham

Madoff is real close to getting a cellmate.


17 posted on 03/24/2012 9:38:08 AM PDT by org.whodat
[ Post Reply | Private Reply | To 2 | View Replies]

To: Brilliant

What are the odds Corzine gets indicted for perjury for his testimony — if I recall correctly — to Congress that he knew nothing about any transfer of client funds?


18 posted on 03/24/2012 9:45:05 AM PDT by AtlasStalled
[ Post Reply | Private Reply | To 1 | View Replies]

To: csvset
MF Global. What's MF short for?

"Email Ties Corzine to Missing Funds"

19 posted on 03/24/2012 9:50:15 AM PDT by wideminded
[ Post Reply | Private Reply | To 14 | View Replies]

To: Brilliant

This puts Corzine next in line to replace Geithner if Obama gets a second term.


20 posted on 03/24/2012 9:55:37 AM PDT by Iron Munro (If Repubs paid as much attention to Rush as the Dem's do, we wouldn't be in this mess)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Brilliant
This guy needs to go to prison and have all of his assets seized and sold with the proceeds going back to those who lost money.

Corzine was nothing more than a thief, just like Madow.
21 posted on 03/24/2012 10:21:26 AM PDT by Sudetenland (Anybody but Obama!!!!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sudetenland
. . . errr . . . Madoff.

Though sending that liar Madow to prison wouldn't be a bad idea either.
22 posted on 03/24/2012 10:24:26 AM PDT by Sudetenland (Anybody but Obama!!!!)
[ Post Reply | Private Reply | To 21 | View Replies]

To: major-pelham

This is just one more confirmation that the reason democrats know so much about that evil “corporate greed” they rail against is that they play a leadership role in making corporate greed happen.


23 posted on 03/24/2012 10:26:16 AM PDT by RJS1950 (The democrats are the "enemies foreign and domestic" cited in the federal oath)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Para-Ord.45

Federal sentencing guidelines are based on amount of money

200 million if that is the legally accepted amount in question calls for minimum statuatory of 120 months and Congressional guidelines of 188 to 360 months

No parole

Some districts will not plea down but southern of New York will

Still that pesky statuatory minimum though

And no parole

10 years and you start out medium FCI pretty harsh digs for old soft peckerwoods


24 posted on 03/24/2012 10:33:39 AM PDT by wardaddy (I am a social conservative. My political party left me(again). They can go to hell in a bucket.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Brilliant

Would it be Cy Vance’s job to indict?


25 posted on 03/24/2012 10:41:09 AM PDT by Oratam
[ Post Reply | Private Reply | To 1 | View Replies]



SHOW ME THE MONEY!


26 posted on 03/28/2012 9:58:13 AM PDT by devolve (- - - - - - - - - - - - - - - - - - - - - - you can*t do that with a WebTV - - - - - - - - - - - -)
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson