“Jon S. Corzine, the former U.S. senator and New Jersey governor who presided over the collapse of the commodities brokerage MF Global, says he cannot explain what happened to “many hundreds of millions of dollars” that the firm was holding for customers.
In testimony prepared for delivery to Congress on Thursday, Corzine says he was “stunned” to learn shortly before the firm sought bankruptcy protection at the end of October that MF Global could not account for the money.”
With MANY THANKS To David S. Hilzenrath And The Washington Post. Read More Here:“Jon Corzine To tell House Panel He Doesn’t Know Where customer’s Money Went”
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