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It pays to be rich, powerful and a Democrat with friends in Washington. While Anna Gristina, a Connecticut mother accused of being a New York “madam” sits in a cell on Riker’s Island, Jon Corzine, the former CEO of MF Global sits at home in his New Jersey mansion. MF Global had been a publically traded securities firm with $40 billion in assets, but with liabilities even larger, filed for bankruptcy late last year, after being accused of co-mingling customer funds with its own, a flagrant violation of securities law.

Grumbling grows on left over slow-going in Wall Street crisis investigationsBy Peter Schroeder - 04/26/12 07:30 AM ET Roughly four years after the financial crisis hit, some on the left are wondering when, or even if, the Obama administration plans to pursue criminal prosecutions of the Wall Street figures that played a major role in the meltdown. Top White House officials, including the president himself, have vowed the slow, steady work of investigations is underway, and that those who broke the law on Wall Street will ultimately be held accountable. But despite those promises, there is scant public proof of...

The information's hiding in plain sight but it’s still a nifty catch by the Standard’s Daniel Halper. You know why? Because the idea that Jon Corzine is still raising hundreds of thousands of dollars for The One is so insane and implausible, virtually no one would have thought to check. Of course that's not happening. Of course.And yet.He's in the $500,000+ club for the first quarter of this year, the most elite group there is among O's cash cows. You know what else happened during that quarter? News broke that more than a billion dollars in MF Global client funds...

Barack Obama's reelection campaign has released the most recent list of names of fundraising bundlers. On that list is Jon Corzine, the former governor of New Jersey and embattled money man, the former head of MF Global: Corzine, according to the Obama campaign, has once again helped raise more than $500,000. (He was likewise named a bundler in January, when the Obama campaign last released the names of their money men.)

Justice may be blind, but who works overtime to make it deaf, dumb, and stupid? Which would you imagine might attract more aggressive enforcement from the Justice Department: the theft of $1.2 billion from supposedly segregated customer brokerage funds, or lying about an alleged incident of whistling to attract the attention of a whale so that whale watchers could get a better peep? If you said the latter, then you appreciate the extent to which federal law enforcement priorities have run off the rails. We know for a fact that enormous sums of money legally off limits have disappeared into...

MF Global judge weighs release of insurance moneyBy Nick Brown and Aruna Viswanatha | Reuters – Mon, Apr 2, 2012 (Reuters) - An MF Global bankruptcy trustee asked a judge on Monday to release $25 million in insurance money to pay defense costs for Jon Corzine and other former MF Global officers facing civil lawsuits over the broker's October collapse. If paid out now, the money, part of $375 million in total insurance funds from multiple policies, could save the broker from facing larger claims later, Lorenzo Marinuzzi, an attorney for trustee Louis Freeh, said in U.S. Bankruptcy Court in...

WASHINGTON (Reuters) - A finance executive at MF Global Holdings Ltd invoked her right against self-incrimination as lawmakers heard from officials who played critical roles in the final days of the futures brokerage, when a huge and still unexplained shortfall in customer money surfaced. Assistant Treasurer Edith O'Brien, believed to have been involved in authorizing a $175 million transfer that may have included customer funds, three days before MF Global's bankruptcy filing on October 31, declined to testify on Wednesday. "On advice of counsel I respectfully decline to answer based on my constitutional right," she told subcommittee chairman Randy Neugebauer...

Attention has returned to the bankruptcy of MF Global after a House Financial Services subcommittee hearing said it’s found evidence — courtesy of an email from assistant treasurer Edith O’Brien — that ex-CEO and former New Jersey Governor Jon Corzine personally directed the transfer of client funds in the waning days of the brokerage.

Is there a link out there for this hearing? I'm all over the C-Span website and cannot find any way to watch these worms squirm. It sure would be entertaining ...

Today's headlines that Jon Corzine gave "direct instructions" for MF Global customer money to moved to another account to cover a $175 million overdraft raises big questions about how this case is being handled. Congressional Committee's are imperfect investigative vehicles, but this time the House Financial Services Subcommittee on Oversight and Investigation has really scored. By digging out and making public an email from MF Global assistant treasurer Edith O'Brien, the Committee has done a huge public service. But surely the investigation of the disappearance of $1.6 billion deserves a more formal process than "trial by headline." Just where...

The Big story this weekend is that “a congressional committee is investigating how $1.6 billion in customer funds went missing from bankrupt brokerage MF Global said Friday that it’s found evidence that then-CEO Jon Corzine directed a senior executive to use $200 million of clients’ money.” It’s such a shame to see the former Governor getting probed like this. I thought Dems were not subject to financial and accounting laws because they created the laws for us. All Corzine needs to do is go before the judge and jury, then tell them they are stupid and he knows better. He...

<p>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.</p> <p>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.</p>

Late Friday afternoon, the time when they love to release damaging news in the hope that it will get lost in the weekend spin cycle, a rehashed disclosure came out about "Knows Nothing" Jon Corzine. A memo had been located, which showed that Corzine had specifically directed that client funds be used to cover an MF Global bounced check to JP Morgan Chase. While this was a partial rehash, in light of recent findings, it adds clarity to Corzine's actions when MF hit the fan. An assistant treasurer Edith O'Brien of the MF sent the email as part of a...

Late Friday afternoon, the time when they love to release damaging news in the hope that it will get lost in the weekend spin cycle, a rehashed disclosure came out about "Knows Nothing" Jon Corzine. A memo had been located, which showed that Corzine had specifically directed that client funds be used to cover an MF Global bounced check to JP Morgan Chase. While this was a partial rehash, in light of recent findings, it adds clarity to Corzine's actions when MF hit the fan. An assistant treasurer Edith O'Brien of the MF sent the email as part of a...

MF Global CEO Jon Corzine authorized the transfer of $200 million in customer funds to cover a shortfall just before the broker-dealer collapsed last year, according to a congressional memo.

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...

President & Dr. Strangelove have a damage control session regarding Senator Corzine.

Surprise surprise, John Corzine, global elitist financier and flim-flam man will not be prosecuted for his role in the MF Global theft and fraud. It seems that the US Attorneys involved just can’t figure out if any crime was committed. There’s so much paper work for them to review and it’s just too hard. Never mind bringing the entire senior executive ranks before a grand jury to squeeze the truth out of them. Never mind the fact that CME Chief Terry Duffy, the head of a national exchange, testified before Congress that he was told that Corzine was aware that...

Federal law enforcement officials investigating the implosion of MF Global are concluding that sloppy bookkeeping rather than criminal activity is to blame for the firm’s demise that resulted in more than a $1 billion of customer funds that remains missing, FOX Business Network has learned. Though officials haven’t totally ruled out bringing a criminal case against MF Global executives, including former chief executive Jon Corzine, the odds are long that a criminal case will be filed, according to people with direct knowledge of the matter. The evidence that law enforcement officials have gathered so far shows that the firm’s sloppy...

Report: It Looks Like Corzine Will Likely Stay Out Of The SlammerRob Wile | February 24, 2012 (AP)Dealbreaker's Bess Levin reports (via FoxBusiness) that former MF Global CEO Jon Corzine will not face criminal charges for his role in the firm's diverting of client funds and subsequent collapse. Sources told FoxBusiness regulators were having "a very tough time" gathering evidence that would have put Corzine in the clinker.