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Keyword: corzine

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  • Jon Corzine Tries Another Comeback

    05/31/2017 6:28:02 PM PDT · by nickcarraway · 20 replies
    New York Times ^ | 5/18 | Sei Chong
    Will the third time be the charm for Jon S. Corzine? Mr. Corzine won a United States Senate seat after being maneuvered out of Goldman, eventually moving on to become governor of New Jersey. After losing the governorship to Chris Christie, he took over MF Global, which collapsed in 2011. Now, Mr. Corzine, 70, is planning his next act: a hedge fund tailored to take advantage of the chaos of the Trump era. In his first interview since the MF Global meltdown began, Mr. Corzine said that he would seek to anticipate how the Trump administration and other world leaders...
  • Corzine to pay $5M penalty to resolve MF Global case

    01/05/2017 11:32:57 AM PST · by Kid Shelleen · 25 replies
    AP via Philly.com ^ | 01/04/2017 | MARCY GORDON
    Jon Corzine, the former New Jersey governor who led the collapsed brokerage MF Global, has been ordered to pay a $5 million penalty for his role in the firm's alleged illegal use of almost $1 billion in customer funds. A federal court in Manhattan on Thursday granted the order against Corzine to the U.S. Commodity Futures Trading Commission, which brought civil charges against him in 2013. Following the stunning collapse of the big Wall Street firm in late 2011, the CFTC alleged that MF Global misused customer funds in a vain attempt to remain solvent.
  • N.J. has lost its wealthiest resident to Florida, report says (David Tepper)

    04/06/2016 8:14:15 AM PDT · by DCBryan1 · 24 replies
    NJ.com ^ | 16, 2016 at 3:04 PM, updated March 17, 2016 at 7:17 AM | By Craig McCarthy
    New Jersey's wealthiest man may be making a common Northeast move: a relocation to the tax-friendly state of Florida, a report says. According to Bloomberg, David Tepper has shifted the base of his Appaloosa Management to the Sunshine State as of Jan. 1 after registering to vote and declaring citizenship in Miami at the end of 2015. Taxes were reportedly an important part of the 58-year-old's decision, but also, quality-of-life played big part in his choice to move, according to the article. Tepper has been a resident of the Garden State for more than two decades and has continually appeared...
  • Consulting Firm With Clinton Ties Denies Influencing State Department Policy (Teneo)

    11/07/2015 2:06:26 AM PST · by Libloather · 9 replies
    NY Times ^ | 11/06/15 | Amy Chozick
    The head of a consulting firm founded by one of Bill Clinton's closest aides pushed back against allegations by Senator Charles E. Grassley, the Iowa Republican who is chairman of the Senate Judiciary Committee, that the firm had undue influence on Hillary Rodham Clinton's diplomatic work. In a letter to the committee in October, Declan Kelly, the Irish-born chief executive of the firm, Teneo, responded to questions about an agreement that permitted Huma Abedin, one of Mrs. Clinton's closest aides and the vice chairwoman of her campaign, to receive income both from her position at the State Department and as...
  • Judge reopens FOIA case on Hillary Clinton aide Abedin (Huma)

    06/20/2015 8:23:41 AM PDT · by PROCON · 15 replies
    politico ^ | June 19, 2015 | JOSH GERSTEIN
    Reacting to the disclosure that Hillary Clinton exclusively used a private email account during her tenure as secretary of state, a federal judge agreed Friday to reopen a conservative group's Freedom of Information Act lawsuit seeking details about the employment arrangements of top Clinton aide Huma Abedin. However, U.S. District Court Judge Emmet Sullivan declined — for now — to address claims from Judicial Watch that Clinton's use of the private account and server led State Department officials to commit a fraud on the court by certifying they had turned over all responsive records.
  • Almost 4 years after MF Global failed, Jon Corzine is reportedly getting ready for a comeback

    04/20/2015 4:35:09 AM PDT · by Enlightened1 · 28 replies
    Business Insider ^ | Myles Udland
    Jon Corzine is thinking about making a comeback. According to a report from The Wall Street Journal, Corzine, who was formerly chairman of Goldman Sachs and the CEO at hedge fund MF Global before it went bankrupt in 2011, is considering a comeback. The Journal's Julie Steinberg and Rob Copeland report that Corzine has discussed plans about starting a new fund and that it would be started from his personal wealth and a small group of outside investors. The new fund could have around $150 million in assets under management, the report said. MF Global, which was a $1.6 billion...
  • Jon Corzine Considers Launching Hedge Fund

    04/19/2015 6:08:44 PM PDT · by Reverend Wright · 33 replies
    Wall Street Journal ^ | April 19, 2015 7:05 p.m. ET | By JULIE STEINBERG and ROB COPELAND
    Jon S. Corzine, the embattled former MF Global Holdings Ltd. chief executive and ex-chairman of Goldman Sachs Group Inc., has discussed plans to start his own hedge fund in recent months, according to people familiar with the matter. The fund would start with cash from Mr. Corzine’s personal wealth and a handful of outside investors. Mr. Corzine said he had been speaking with about a half-dozen potential investors, and projected around $150 million in assets under management, one of the people said. The plans are tentative and could evolve or fall apart in coming months. But a launch would mark...
  • Former NJ Governor Corzine Son Dead in Apparent Suicide

    03/14/2014 1:09:04 PM PDT · by lbryce · 17 replies
    New York Post ^ | March 13, 2014 | Jeane MacIntosh
    The son of former New Jersey Gov. Jon Corzine killed himself in a Mexico City hotel this week. Jeffrey Corzine, 31, was the youngest of Corzine’s three children with ex-wife and childhood sweetheart Joanne Corzine. The exact cause of death was not released, but sources told The Post Jeffrey suffered from depression. Steven Goldberg, a spokesman for the devastated Jon Corzine, confirmed in a statement: “The sad fact is that Jeffrey Corzine had been suffering from severe depression for several years and recently had been receiving treatment for what is a very painful and debilitating physical and mental ailment.”
  • Jeffrey Corzine, former NJ gov’s son, dead at 31

    03/13/2014 2:10:40 PM PDT · by dynachrome · 71 replies
    NY Post ^ | 3-13-14 | Jeane MacIntosh
    The son of former New Jersey Gov. Jon Corzine has died, The Post has learned. Jeffrey Corzine, who friends said worked as a drug counselor in California, was just 31. Details of his death were not immediately known.
  • Iowa GOP Senate Candidate Gave Money to Corzine [RINO Alert!!]

    02/10/2014 11:16:04 AM PST · by SoFloFreeper · 10 replies
    Weekly Standard ^ | 2/10/14 | MICHAEL WARREN
    A candidate for U.S. Senate in Iowa, who calls himself a “life-long Republican,” once donated $1,000 to the Senate campaign of Democrat Jon Corzine. Mark Jacobs, a Republican businessman who is running for the Senate seat of retiring Democrat Tom Harkin this year, gave the money to Corzine, the CEO of Goldman Sachs who was running for Senate in New Jersey in 2000. Jacobs was working for Goldman Sachs in Houston at the time. ...In 2009 and 2010, Jacobs gave a total of $3,000 to the PAC supporting Arlen Specter, the Republican senator from Pennsylvania who in early 2009 switched...
  • Property tax burden up 13 percent under Christie, AP analysis shows

    09/23/2013 5:57:18 PM PDT · by Olog-hai · 7 replies
    AP via NJ.com ^ | September 23, 2013 at 7:50 AM
    The net household property tax burden in New Jersey rose 13 percent during Gov. Chris Christie’s first three years in office—a number that reflects both his success in reining in local government spending and his inability to restore a relief program that was gutted by his predecessor during the Great Recession, an Associated Press analysis of tax data has found. The growth is only slightly lower than it was in the last three years of Democrat Jon Corzine’s time as governor, when the net tax bill went up 15 percent. But it reflects a different approach: Christie, a Republican, has...
  • Republicans call on Justice Dept. to launch perjury investigation of Corzine

    08/04/2013 10:23:34 AM PDT · by TurboZamboni · 5 replies
    the hill ^ | 8-3-13 | Brendan Sasso
    group of House Republicans has called for a criminal investigation into whether Jon Corzine, a former Democratic governor and senator from New Jersey, lied before Congress in 2011. In a letter to Attorney General Eric Holder on Friday, the 18 lawmakers said that new evidence revealed in a civil case against Corzine contradicts his congressional testimony and may indicate he committed perjury. "It is outrageous and unacceptable to let this discrepancy go without a formal criminal investigation," Rep. Michael Grimm (R-N.Y.), the lead signatory of the letter, said in a statement. "Mr. Corzine has a duty to be honest with...
  • BACKSTORY Anthony and Huma Weiner move into luxury $3.3M condo owned by top Clinton donor

    08/01/2013 8:28:57 AM PDT · by Liz · 35 replies
    FREE REPUBLIC POST ^ | 8/13/12 | DAILY MAIL REPORTER
    Full title.......Anthony Weiner and wife Huma move into luxury $3.3M condo owned by top Clinton donor... are they there for free or just getting a sweet deal? dailymail.co.uk story | 8/13/12 / FR Posted by ColdOne Disgraced former Congressman Anthony Weiner and his faithful wife Huma Abedin have moved into a $3.3million New York City apartment owned by a top donor to Ms Abedin's boss, Hillary Clinton. The well-appointed luxury pad includes four bedrooms and three and a half bathrooms in the 12th floor of an exclusive building on Park Avenue. It costs an estimated $14,000 a month. The price...
  • Corzine Off The Crook - No Criminal Charges (Disgraced Former NJ Gov Goes Scott Free on MF Global)

    07/08/2013 9:33:50 AM PDT · by DogByte6RER · 28 replies
    New York Post ^ | July 8, 2013 | KAJA WHITEHOUSE
    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...
  • Corzine, O'Brien Charged in MF Global Collapse

    06/28/2013 9:04:12 AM PDT · by lbryce · 14 replies
    Wall Street Journal ^ | June 28, 2013 | SCOTT PATTERSON , AARON LUCCHETTI and JAMILA TRINDLE
    Federal regulators on Thursday filed civil charges against former MF Global Holdings Ltd. Chief Executive Jon S. Corzine and a top lieutenant for overseeing the misuse of almost $1 billion in customer funds, saying Mr. Corzine "bears responsibility" for the New York commodities brokerage's 2011 demise. The Commodity Futures Trading Commission's complaint cited conversations not previously disclosed purportedly showing Mr. Corzine played a more active role in the firm's activities than he had suggested in the past. The lawsuit, filed in U.S. District Court in Manhattan, comes as a new blow for Mr. Corzine, whose reputation—built on a career as...
  • John Corzine to be hit with civil charges

    06/25/2013 7:37:30 AM PDT · by fatboy · 38 replies
    The Star Ledger via NJ.com ^ | 6/25/13 | Jeff Goldman
    Jon Corzine to be hit with civil charges, report says Former MF Global head Jon Corzine is expected to have civil charges filed against him, according to a report on NYTimes.com.
  • PPEC April 2012 Ann Barnhardt explains why she closed her brokerage

    05/19/2013 1:31:18 PM PDT · by ak267 · 2 replies
    You Tube ^ | April 4, 2012 | Ann Barnhart
    Ann Barnhart talks about the MF Global controversy, Gov. Corzine, self loathing, gold, Obama's theology, the value of work, economic bubbles, financial protection, 2nd amendment, and the hell that is to come. Feel free to discuss.
  • Weiner’s Wife Didn’t Disclose Consulting Work She Did While Serving in State Dept.

    05/16/2013 9:49:00 PM PDT · by Second Amendment First · 9 replies
    NY Times ^ | May 16, 2013 | RAYMOND HERNANDEZ
    The State Department, under Secretary Hillary Rodham Clinton, created an arrangement for her longtime aide and confidante Huma Abedin to work for private clients as a consultant while serving as a top adviser in the department. Connect with NYTMetro Follow us on Twitter and like us on Facebook for news and conversation. Ms. Abedin did not disclose the arrangement — or how much income she earned — on her financial report. It requires officials to make public any significant sources of income. The disclosure of the agreement that Ms. Abedin made with the State Department comes as her husband, former...
  • MF Global Trustee Sues Corzine Over Firm’s Collapse

    04/23/2013 7:26:10 AM PDT · by AtlasStalled · 11 replies
    New York Times ^ | 04/23/13 | Ben Protess
    A bankruptcy trustee has sued Jon S. Corzine and other former MF Global executives, claiming they were “grossly negligent” in the lead up to the brokerage firm’s collapse.
  • Report Hints at Possible MF Global Suit (NY Times fails to ID Corzine as Democrat, Obama Bundler)

    04/04/2013 11:13:36 AM PDT · by jimbo123 · 10 replies
    NY Times ^ | 4/4/13 | BEN PROTESS
    MF Global‘s bankruptcy trustee is hinting at taking legal action against the brokerage firm’s top executives, blaming them in a new report for engineering a “risky business strategy” and ignoring “glaring deficiencies” in internal controls. In accusing Jon S. Corzine and other MF Global executives of “negligent conduct” that may have accelerated the firm’s demise, Louis J. Freeh, the trustee for MF Global Holdings and a former director of the F.B.I., laid the groundwork for potential litigation. The 124-page report filed in federal bankruptcy court early Thursday leveled its sharpest critique at Mr. Corzine, the former chief executive who was...