Skip to comments.A perjury rap, too? New questions for Jon Corzine
Posted on 06/11/2012 1:26:09 PM PDT by Hojczyk
Did Jon Corzine perjure himself after all?
Corzines Sgt. Schultz defense at recent congressional hearings on the demise of MF Global and the looting of $1.6 billion from customer accounts seemed a brilliant way to avoid the embarrassment of taking the Fifth while also dodging any perjury trap.
By playing dumb on key questions, Corzine seemed to shield himself from the serious charge of lying under oath. But he did get specific about a few things one of which is clearly contradicted by the recent trustees report on MF Globals demise.
The former US senator and NJ governor still a top Obama fund-raiser could still be facing serious criminal charges.
Rep. Peter King (R-LI) pressed him, asking whether those changes included new personnel or just reprograms of old personnel?
Again Corzine was uncharacteristically specific, answering, No. There were new people at it.
Thats not what it says in the trustees report. The trustee, James Giddens, simply describes what Corzine and his top people did as negligence. Contrary to Corzines assurances under oath, Giddens said the much-needed upgrades to protect customer money under the new, riskier, business model never took place.
But, as former Securities and Exchange Commission Chairman Harvey Pitt says, Whether the particular statement is perjurous depends not only on the truth or falsity of the statement but also on whether it misled Congress to its detriment. I think Corzine does run a risk that his statements although carefully scripted might ultimately be deemed perjurous in light of the trustees report.
Bottom line: A serious prosecutor might well be able to make a case. Good thing for Corzine that all the federal prosecutors now work for his pal, President Obama.
(Excerpt) Read more at nypost.com ...
It’s just money, and everyone knows people lie about money.
Corzine will be brought up on perjury charges right after Obama is impeached for his birth certificate.
Anyone else would have been jailed by now.
And we hear there is no bias in the MSM, yeah right!
It was reported that among his clients, livestock farmers (pig farmers?) were the biggest MF Global investors-----the ones who lost hundreds of million$ when Corzine and his cronies orchestrated a smash-and-grab daylight raid on the investments of trusting farmers who were lured into investing in MF Global. NOTE MF Global insiders are Corzines G/S cronies.
Neither Corzine nor Abelow or Flowers or other MF Global execs have been arrested, detained or even questioned under oath, notwithstanding the missing billions.
Wall street insider (and serial political office purchaser) Corzine is accustomed to using other peoples money to benefit himself. He has no qualms about missing money----billions went missing when he was tossed out of NJ state govt.
Those MF Global farmer/investors oughta grab ahold of leftover Flying Pig balloons. The sight of Flying Pigs over Wall Street would scare the crap outta Corzine.
Acknowledge the corruption: OBAMA/CORZINE 2012
He thought he knew which way th market would move and he expected to make a big profit and then put our money back, but the market went the other way and in desperation told the treasurer to borrow our margin money on deposit expecting to replace it when market turned, but the market
did not turn and he was then forced to declare bankruptcy.
Embezzlement with intention to pay it back is still embezzlement.
Thanks, Liz, as always. My heart breaks at these poor people who were screwed out of their life savings by this monster. Some of us in NJ knew from Day 1 he was bad for the state and bad for the country. Will he ever spend one day in jail?
They were quick to go after Madoff but because he’s Obama’s butt boy,Corzine is getting a free ride. He paid his dues in raising money for the RATS.
REFERENCE December 05, 2011---Fox News Report:
Bill Clinton Reaped Big Bucks Before Collapse---MF Global Employee Links Clinton to Corzine's Bankrupt Firm
A former MF Global employee accused former president Bill Clinton of collecting $50,000 per month through his Teneo advisory firm in the months before the brokerage careened towards its Halloween filing for Chapter 11 bankruptcy, reports Human Events.
Teneo was hired by MF Globals former CEO Jon S. Corzine to improve his image and to enhance his connections with Clintons political family, said the employee, who asked that his name be withheld because he feared retribution, according to Hum/Events. The Teneo contract with MF Global lasted at least five months, the souce said. The board cancelled it after Corzine resigned.
The source, who is no longer associated with MF Global, said Teneo is a dual-track company with one side devoted to merchant and investment banking and the other side set up to provide image and strategy consulting services.
Clinton is the chairman of the companys advisory board, reports Hum/Events.
The Bank Secrecy Act needs to be mobilized here----enacted to prevent bank investors, patrons, depositers, etc, from fraud.
Charges might include: (1) criminal tax fraud, (2) deliberately misstated income, (3) filing false IRS returns, (4) falsifying official documents, (5) intentionally mislabeling personal expenditures as business expenses, (6) utilizing investor funds inappropriately, (7) fraudulent use of investor funds for lavish personal expenditures, (8) fraudulently declaring personal expenditures as legitimate business expenses.
REFERENCE Corzines financial my$tery / NY Post, January 8, 2012 / By Jonathon M. Trugman
Its been a long while now since that frightful Halloween 2011 when MF Global filed the eighth-largest bankruptcy in US history. Too long a time if you are an MF customer and cant get access or answers to what happened to your money.
Certain individuals at MF Global breached the sacrosanctity of segregated customer accounts to cover for liquidity shortfalls induced from extremely leveraged bets gone extremely bad, reportedly made by CEO Jon Corzine and his confidants (including MF bigwigs Brad Abelow and Chris Flowers).
Which brings us to a primary point in the MF Global debacle: Exactly where were Jon Corzines millions held while his firm was leveraging up 40-to-1? And for that matter, where were his lieutenants funds held? Unfortunately, those answers are not forthcoming from any of the parties.
It is almost unanimously mandated by Wall Street that officers of brokerage firms keep their investment accounts at the firm where they work. This is done for compliance reasons. If Corzine and his inner cadre of lieutenants had their millions at MF Global, were their accounts breached, as well? Are they being treated identically to other MF Global account holders in terms of the massive amounts of their missing money and the lack of access to whats rightfully theirs?
If Corzine et al. didnt keep the vast majority of their money at MF Global, then why not?
Its been reported that a mere two weeks before filing for bankruptcy, while the skies were darkening for MF Global due to the European tidal wave, Corzine and his wife were apparently chateau shopping in the south of France, no less. While both Corzine and his wife are extremely wealthy people, chateau shopping just 15 days before filing this countrys eighth-largest bankruptcy are not the actions of a man with good analytical skills or who is overly concerned about the fate of his teetering financial empire unless his own money isnt at risk. ####