Jon Corzine states that he never authorized misuse of funds. Somehow MF Global misplaced 1.2 billion dollars. So strange, isn't it?
Members of the Senate agriculture committee got no clear-cut answers as the executives at the brokerage firm testified they weren't aware of problems until the night before the firm's Oct. 31 bankruptcy filing, the eighth-largest in U.S. history.
Corzine reiterated what he told the House agriculture committee last week: He was stunned to learn of the missing money and sympathizes with the firm's former clients, but he no longer has access to crucial data and documents that would help untangle what happened to the missing money.
"I never authorized the misuse of customer funds; I never intended to misuse customer funds," Corzine said. "As far as I'm concerned, (I) never gave instructions that anybody could misconstrue."
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2 comments:
Jon Corzine, the money did not disappear—it became someone else's money. Who might that be?
Absolutely amazing, isn't it?
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