Jon Corzine Getting His Money's Worth
The implosion of MF Global appears to be the single most investigated event in recent Wall Street history. The FBI, two US attorneys, the Securities and Exchange Commission, the Commodity Futures Trading Commission and several congressional committees all say they’re looking into the firm’s spectacular collapse last fall — and at just who’s responsible for the mysterious disappearance of $1.6 billion in customer money in its final days.
Yet investigators say they’re having a tough time assigning culpability. Then-CEO Jon Corzine insists he was clueless about what was happening; mass confusion is the best explanation the probes seem to have found.