A bankruptcy court is reviewing a proposal that would return 93 percent of the missing money to MF Global customers after its loss of over $1.6 billion, according to the New York Times.
Former New Jersey Democratic Senator and major Democratic donor Jon Corzine caused MF Global’s downfall, according to a House investigative report issued Thursday.
A prominent Obama fundraiser and former Democratic politician could face criminal and civil charges for his role in MF Global’s bankruptcy and the company’s loss of more than $1 billion in customer money, Fox Business has reported today.
A key figure in the MF Global investigation is being represented by a friend and business partner of U.S. Attorney General Eric Holder, Breitbart News reports.
Jon Corzine, one of the Obama administration’s top financial advisers, continues to avoid prosecution relating to allegations that he bilked hundreds of millions of dollars from customer accounts to save his collapsing investment bank.
A new report by former FBI Director Louis J. Freeh detailing MF Global’s misuse of Italian bonds before its October bankruptcy subjects embattled Obama bundler Jon Corzine to further scrutiny.
A trustee of MF Global, James Giddens, released a report Monday that sheds new light on the company’s bankruptcy last October.
Tonight, the PBS program Frontline will air Six Billion Dollar Bet, detailing how Sen. Jon Corzine bankrupted MF Global during his disastrous stint as the brokerage’s CEO.
Jon S. Corzine—who has bundled more than $500,000 for President Obama’s reelection campaign and who served as the CEO of MF Global Holdings Ltd. until the brokerage filed for bankruptcy last October—received $8.4 million in cash and stock options as the firm spiraled towards insolvency.
House Republicans say the Obama administration is too politically tainted to investigate former New Jersey Gov. Jon Corzine’s role in the MF Global bankruptcy.
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