Contact Us
Make My Homepage

Corzine Company Under Investigation

Mario Tama, Getty Images

Former New Jersey Governor Jon Corzine — once the head of mega broker Goldman Sachs — was to be the savior of the small and struggling brokerage firm MF Global.

He was on the verge of pulling off a sale this week that would have capped his return to Wall Street after losing re-election to Chris Christie.

But that deal has been scuttled, and a federal investigation launched, after hundreds of millions of dollars in investor money went missing. MF Holdings has now declared bankruptcy. Corzine has not been accused of any wrongdoing, but several published reports hint Corzine may have presided over a big Wall Street no-no: mingling customer funds with company funds.

In recent days, MF Global had saw it worth plummet, loosing 67% of it’s value and being downgraded to “junk” status. Under Corzine’s leadership, MF Global had invested heavily in European debt — a risky, and costly, gamble.

However, Corzine had maneuvered the company into a position for a sale to a Connecticut company that would have saved it. That deal fell apart amid word the federal regulators were now investigating as much as 900 million dollars of missing investor money.

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://nj1015.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on New Jersey 101.5 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here

Register on New Jersey 101.5 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!