Thursday, August 16, 2012

Jon Corzine To Start A Hedge Fund

If this weren't a member of Obama's shadow cabinet and a big fundraiser he'd be in jail. But seriously, trusting Jon Corzine to invest your money would be like hiring a child molester (#HarryReidisaPederast) to baby sit your children.
After interviewing MF Global employees, however, Federal reportedly believe that what felled MF GLobal was recklessness, not criminality.

And if he's able, sources tell Dealbook, after all this is over, Jon Corzine is thinking about starting a hedge fund.

From Dealbook:

Mr. Corzine, in a bid to rebuild his image and engage his passion for trading, is weighing whether to start a hedge fund, according to people with knowledge of his plans. He is currently trading with his family’s wealth.

Not to say that Jon Corzine is definitely going to walk away scott-free. Regulators can still file civil charges, according to the report, and he still faces lawsuits from customers that could cost him millions. Corzine could also be banned from the financial industry as a whole.
So investors may not be able to give him their money just yet.


Post a Comment

Subscribe to Post Comments [Atom]

Links to this post:

Create a Link

<< Home