$1.2 Billion Likely Missing On Corzine’s Watch

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New Jersey, your good luck at losing Corzine was MF Global’s bad luck. Not only did 1,066 employees lose their jobs, but big bucks are missing from client accounts.

Corzine, Obama’s buddy, possibly oversaw the loss of over $1.2 billion from clients’ accounts. It was illegal for money to be taken from client accounts, so I think Corzine might consider fleeing to some South American country while the getting is good.

The bankruptcy trustee, James Giddens, said that it is likely $1.2 billion is gone from client accounts. Earlier reports had it at $600 – $700 million. Politico

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