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NJ’s Ex-Gov. Corzine Ordered $200M Transfer, MF Global Exec Says

A former MF Global executive is contradicting testimony from Jon Corzine, saying the former senator ordered the transfer of $200 million out of a customer account days before the firm collapsed, according to an e-mail obtained by congressional investigators.


Edith O’Brien, the former assistant treasurer, says Corzine ordered the money shifted to one of the firm’s bank accounts overseas, according to a memo that cited the e-mail.

 

A House Financial Services subcommittee released the memo Friday in advance of a hearing Wednesday. O’Brien has been subpoenaed to testify.
In December, Corzine told the panel: “I did not instruct anyone to lend customer funds to MF Global or any of its affiliates.”
Corzine also said he didn’t know about “the use of customer funds on any loan or transfer.”

(Copyright 2012 by The Associated Press.  All Rights Reserved.)

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