Federal regulators are accusing former New Jersey Governor Jon Corzine of failing to properly manage MF Global, which misused customer funds before its 2011 collapse.
A trustee overseeing MF Global says a risky trading strategy and "negligent conduct" by former CEO Jon Corzine and his top managers contributed to the brokerage firm's collapse in late 2011.
Republicans on a House panel that investigated the collapse of the brokerage MF Global are pinning the blame on ex-CEO Jon Corzine, a former Democratic senator and governor.
Witnesses close to MF Global's collapse will offer details Wednesday about customer money that vanished days before the firm failed. Their testimony could challenge statements by former CEO Jon Corzine.
A former MF Global executive says she expressed concern about the brokerage firm putting customers' money at risk four days before it filed for bankruptcy protection.
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.
Senators are telling the trustee overseeing MF Global that it would be outrageous to pay bonuses to top executives of the collapsed brokerage firm that was led by former New Jersey Gov. Jon Corzine. They say it would be wrong to pay bonuses while about $1.6 billion of customers' money hasn't been recovered.