‘Unlawful use of customer money by the firm...’
Crazy understatement.
Corzine personally authorized wiring customer out of MF Global, against company policy, sec regulation, and common law. That money movement effectively stole the money of the customers to cover some of the debts of the firm.
Corzine needs to be in jail - NOW!
To make matters worse....clients, who had their money stolen, are now facing “clawback” from the bankruptcy trusties. Their personal assets are now subject to confiscation by bankruptcy court.