"MF Global, the failed securities firm led by Jon Corzine, admitted using clients' money as its financial troubles mounted, a federal official says. An MF Global executive admitted that to federal regulators in a phone call early Monday after regulators discovered money missing from clients' accounts, according to an official familiar with the conversation."You might have thought that the events of the last few years would at least have taught Corzine how to drive a financial enterprise over a cliff without going to jail.
Tuesday, November 1, 2011
What Was Jon Corzine Thinking? (Cont.)
It looks like Jon Corzine's troubles aren't only financial and reputational. If this report is correct, they're also likely to involve the criminal law: