Posted on 07/08/2013 9:33:50 AM PDT by DogByte6RER
Corzine off the crook - No criminal charges
It’s official.
Jon Corzine will not be cuffed over MF Global’s improper handling of customers’ funds leading up to the commodity brokerage firm’s spectacular collapse in late 2011, The Post has learned.
Federal investigators have found no evidence that the disgraced Wall Street titan broke the law.
“After 18 months of investigation, the criminal probe into Jon Corzine is now being dropped,” a person with knowledge of the probe told The Post.
“There is no evidence of criminal wrongdoing,” this person said.
The Justice Department’s decision to drop the case is sure to come as a relief to Corzine, who has been widely blamed for MFG’s bankruptcy — as well as the misuse of some $1.6 billion in customers’ funds.
Last week, Corzine was hit with civil charges by the Commodities Futures Trading Commission in connection with the illegal tapping of the funds, which were improperly co-mingled with the MFG’s house money in the firm’s final days.
The regulator also charged Edith O’Brien, MFG’s former assistant treasurer, for carrying out the illegal transfers in a desperate bid to keep the troubled company afloat.
Both Corzine and O’Brien have denied the allegations.
Criminal investigators, including federal prosecutors and the FBI, have been probing the breach since shortly after it was uncovered with its Halloween 2011 bankruptcy.
At the time it was the eighth largest bankruptcy in US history — and the largest since Lehman Brothers went under in September 2008.
(Excerpt) Read more at nypost.com ...
“Martha Stewart did what again to go to prison?”
My understanding is, she had a ham sandwich in her purse, and the prosecutor indited it.
Corzine (one of Obama’s money men) was a fat juicy target for Romney and he ignored it. “Why hasn’t this man been indicted, Mr President? Is it because he worked for you? Raised money for you.....” If the situation was reversed Obama would have attacked Romney again and again.
It’s good to be king, but it’s also good to be the king’s buddy. “In your face little people!”
Where is the “D” after his name?
Holder and Obama are driving the “get-away car”.
Justice...where is justice?
In an alley off of Wall Street, unconscious, after having been mugged...
the infowarrior
The Donkey party is a criminal enterprise.
Thanks DogByte6RER.
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