Contact Us
Make My Homepage

Don’t Expect a Talkative Jon Corzine Tomorrow at Congressional Hearing

Jon Corzine
Mario Tama, Getty Images

Former New Jersey Governor Jon Corzine is scheduled to testify tomorrow morning before the House Agriculture Committee which has jurisdiction over commodities and futures markets. Corzine, also a former U.S. Senator was subpoenaed former to testify about his role leading MF Global.

MF Global filed for bankruptcy on October 31 after a doomed bet on European debt. Nearly $1.2 billion is estimated to still be missing from customer accounts. Regulators are investigating whether MF Global used money from customers’ accounts for its own needs as its financial condition worsened. That would violate securities rules. The FBI is also investigating to see if the firm violated any criminal laws.

Corzine’s spokesman is not commenting but most legal experts feel the best course of action for Corzine is to refuse to answer any questions based on his Fifth Amendment rights. They say that by choosing to answer some questions, but not others, he may create more of an impression of guilt than by refusing to answer any.

Best of NJ 101.5

Recommended For You

Around the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your 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 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 just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to http://nj1015.com using your original account information.

*Please note that your 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.

(Forgot your password?)

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!

Sign up to have exclusive New Jersey Insiders contests, events, coupons, presales, and much more delivered to you for FREE.