MF'ing Justice - Jon Corzine Living Large

Related: Did Bankers Deliberately Crash MF Global to Crash Gold and Silver Prices? 

Monday, August 20, 2012 at 3:23PM

[Editor’s Note: The following post is by Jim Karger, TDV Legal Correspondent] 

"I simply do not know where the money is, or why the accounts have not been reconciled to date. I do not know which accounts are unreconciled or whether the unreconciled accounts were or were not subject to the segregation rules." — John Corzine

Jon Corzine is a contemporary Richard Nixon: a low rent thief, liar, and American success story.

Corzine, you may recall, bet $6.3 billion on the wrong side of European sovereign debt, a wager his own risk department at MF Global told him was nuts, and a wager so big and so wrong that it wiped out the entire firm. 

After the news hit the wire and blood hit the water MF's customers started jumping ship and that is when MF deliberately took customer money as its own to keep its head above water.  It was too little, too late.  The company filed for bankruptcy protection and Corzine resigned. 

Over $1 billion in customer funds remain missing in action.

Depending on who you listen to, Corzine may have known the funds he ordered transferred were customer money. He certainly should have known and there is little  dispute he has a serious gambling problem and that he destroyed the savings and lives of hundreds of investors and businesses. 

Now, after 10 months of a pretend investigation, one that has not involved so much as an interview by the FBI of Corzine himself, federal prosecutors have decided they are not going to charge him with anything. 

Nothing. Nada. Vaya con dios, amigo.

Such is the nature of justice in America's fast lane.

Plausible Deniability Retested  Finish reading>>MF'ing Justice