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Keyword: mfglobal

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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 ^ | 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.
  • 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.
  • Exclusive: Senior MF Global Executive Said Corzine Knew About Misuse of Funds (Jail-time Jonny?)

    09/12/2012 2:30:59 AM PDT · by Libloather · 18 replies
    Fox Business ^ | 9/11/12 | Charlie Gasparino
    Exclusive: Senior MF Global Executive Said Corzine Knew About Misuse of FundsBy Charlie Gasparino Published September 11, 2012 FOXBusiness In the days following MF Global’s stunning implosion last year, a senior executive at the firm made a startling concession to investigators looking into both the company’s demise and the loss of more than $1 billion in customer money, according to people with direct knowledge of the matter. MF Global’s chief financial officer for North America, Christine Serwinski, told investigators that her boss, MF Global’s chief executive, Jon Corzine, was well aware of the use and possible misuse of the customer...
  • 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...
  • 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
    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? 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...

    07/02/2013 2:34:29 PM PDT · by SatinDoll · 13 replies
    Barnhardt ^ | July 2, 2013 | Ann Barnhardt
    1. Yes, I saw that Corzine was "charged" by the CFTC. This is essentially meaningless. First, it is a purely civil action. These oligarch psychopaths LAUGH at the whole "civil action" paradigm. Second, the $100 million fine that the CFTC is going after comes NOT from Corzine, but from whatever is left of the MF Global Holdings estate, IF there is anything left at all. Not one red cent would come from Corzine, who was worth at least $600 million at the time of the collapse in the fall of 2011. Third, even if Corzine gets the dreaded "registration ban"...
  • 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...
  • Developments leading to US lawsuit against Corzine

    06/28/2013 6:59:08 AM PDT · by Olog-hai · 15 replies
    Associated Press ^ | Jun 27, 2013 6:27 PM EDT
    Federal regulators are suing Jon Corzine, accusing the former New Jersey governor and U.S. senator of misusing customers’ money while he was CEO of brokerage firm MF Global. … June 27, 2013: The CFTC files a civil lawsuit against Corzine, seeking unspecified penalties and a ban on trading in the futures market; MF Global agreed to pay a $100 million penalty as part of a settlement. …
  • John Corzine to be hit with civil charges

    06/25/2013 7:37:30 AM PDT · by fatboy · 38 replies
    The Star Ledger via ^ | 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
  • 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...
  • Are treasuries a way of avoiding the bank collapse?

    04/02/2013 6:39:00 AM PDT · by E. Pluribus Unum · 40 replies
    04/02/2013 | E. Pluribus Unum
    If I move my savings to a brokerage account and purchase 2-year treasuries (the shortest term available at my broker) would that at least protect me from having my money stolen by the banks?
  • Banning Corzine Proves Problematic

    03/08/2013 4:13:14 PM PST · by Libloather
    NY Times ^ | 2/22/13 | WILLIAM ALDEN
    The National Futures Association, the self-regulatory group for the futures industry, faced an obstacle in considering a lifetime ban for Jon S. Corzine, the former Democratic senator who ran the now-defunct MF Global: Mr. Corzine isn’t a member, DealBook’s Ben Protess writes. The group convened on Thursday with two of its board members pushing for a ban of Mr. Corzine as punishment for his role in the demise of MF Global, which improperly used customer money. Mr. Corzine’s lack of membership wasn’t the only stumbling block. The group’s chairman said in a statement that the board “does not wish to...
  • MF Global hits 52 week high at 11 cents per share

    02/13/2013 11:51:46 AM PST · by ExxonPatrolUs · 6 replies
    Google Finance ^ | 2.13.2013
    Could have tripled your money if you bought it two weeks ago.