Skip to comments.Almost 4 years after MF Global failed, Jon Corzine is reportedly getting ready for a comeback
Posted on 04/20/2015 4:35:09 AM PDT by Enlightened1
Jon Corzine is thinking about making a comeback.
According to a report from The Wall Street Journal, Corzine, who was formerly chairman of Goldman Sachs and the CEO at hedge fund MF Global before it went bankrupt in 2011, is considering a comeback.
The Journal's Julie Steinberg and Rob Copeland report that Corzine has discussed plans about starting a new fund and that it would be started from his personal wealth and a small group of outside investors.
The new fund could have around $150 million in assets under management, the report said.
MF Global, which was a $1.6 billion commodities hedge fund, went under in 2011 after some of its sovereign debt bets went wrong. Corzine is still in the process of sorting out legal actions against him and MF Global, including potential action from the Commodity Futures Trading Commission, and it's unlikely Corzine would be able to start a fund until these proceedings were concluded, the report said.
In a statement to the Wall Street Journal, Corzine's lawyer said, "Jon Corzine is not managing anybodys money and has not asked a single investor to put money into a fund .... He is gratified that others might want to invest with him."
Read more: http://www.businessinsider.com/jon-corzine-wsj-hedge-fund-report-2015-4#ixzz3XqetMFzB
(Excerpt) Read more at businessinsider.com ...
This is astonishing. Corzine should be in a Federal pen!
...but big money is always Republican
He wants to be in Evita’s administration.
Just WAIT and see the crowd of criminals and bounders she’ll have in tow.
Most of his ill-gotten gains are in the Clinton Foundation!
At a minimum he should be in an orange jump suit awaiting trial. But Democrats can do no wrong!
A former MF Global employee accused former president Bill Clinton of collecting $50,000 per month through his Teneo advisory firm in the months before the brokerage careened towards its Halloween filing for Chapter 11 bankruptcy, reports Human Events.
Teneo was hired by MF Globals former CEO Jon S. Corzine to improve his image and to enhance his connections with Clintons political family, said the employee, who asked that his name be withheld because he feared retribution, according to Hum/Events.
The Teneo contract with MF Global lasted at least five months, the souce said. The board cancelled it after Corzine resigned. The source, who is no longer associated with MF Global, said Teneo is a dual-track company with one side devoted to merchant and investment banking and the other side set up to provide image and strategy consulting services.
Clinton is the chairman of the companys advisory board, reports Hum/Events.
EXHIBIT TWO--Then-Secy of State Hillary gave her close aide, Huma Abedin, State Dept special status".....Abedin was working for Hillary at State....... AND simultaneously working for Bill Clinton, as a private contractor for his company, Teneo Holdings.
Abedin, reportedly had private email addresses on the Clinton email server system (underlining Democrats' greatest fear: the intersection of undisclosed foreign donations to the Clinton Foundation and Hillary Clintons secret email address. Huma Abedin's sweetheart deal: (1) an outside private six-figure consultant at the State Department, and, (2) special government employee status, and worked a sideline---as a private contractor.
One of Huma's clients was Bill Clinton's Company----Teneo Holdings----self-described as a dual-track political/banking consulting firm that calls itself the next chapter in strategic advisory.
EXHIBIT THREE---An earlier NYT's expose tarred Bill Clinton w/ Teneo's sub rosa dealings. Teneo is run by Clinton aide---Doug Band. Prosecutors found Band and Clinton listed in pedophile's Jeffry Epsteiin's records as having a shocking 21 email addresses and tele nos.
Can you say money laundering? L/E recognizes multiple phone nos and email as the classic MO for money-laundering and tax evasion.
He shouldn’t be in prison.
He should have been hanged, and his carcass gibbeted.
...in front of Goldman Sachs.
Jon Corzine could and should have been the Republican response to the assault on the Koch brothers. Former CEO of Goldman Sachs, former New Jersey Politician (Senator and Governor), big campaign bundler for the Obama campaign. The outright theft of money from MF Global’s shareholders, for the purpose of speculation, on his authorization was a crime and should have been prosecuted. The Democrats, and their allies in the press, who railed about Jack Abramoff, yet are silent on Corizine.
Every time one of my progressive associates goes off on the Koch brothers, and GOP support of the 1%, I make a simple statement to shut them up, “Jon Corzine is a free man.” The phrase is guaranteed to shut down the rant.
For the GOP, Corzine should be the poster child for Democrat corruption and the hypocrisy of progressives with respect to the class warfare mantra. Yet Romeny, Boehner, McConnell, Rove, Jeb, and the rest of the GOP elites have been silent on Corizine. Romney could easily have made the failure of the Holder Justice Department to indict Corzine an issue in the 2012 election, yet he said nothing.
The GOP is in the pocket of Wall Street, not Main Street. Corzine knows where the bodies are buried. Hence - silence from the GOP and immunity from prosecution. The elites stick together.
It truly is the “JUST US” Dept!! Only Republicans have to follow the law....or Democrats that cross the dictator, Obama.
$2 Billion in customer money disappeared from his “investment fund” and his only response was “I don’t know where it went.”
No investigation, no prosecution, no explanation. He walks around a free man.
It’s great to be a Democrat.
Welcome back, John!
Attention all liberals. Invest all your savings into whatever it is the John is pushing. What could go wrong?
Corzine a means to funnel campaign contributions to Hillary. One can only imagine who these “investors” are.
"Glad you're getting back in the money-laundering game. The Foundation needs you."
Anther Klinton sock puppet. The Congress of the United States should freeze his assets. He should not be allowed to comeback!!
(a) Then-US Sen Jon Corzine (D- NJ), used elected office to pass a special tax exemption for a Japanese bank he owned----G/S crony Christopher Flowers---adminstrator of Corzine's "blind trust"--- used Corzine's assets to takeover the Japanese bank. Corzine said he "did not know" the legislation he sponsored benefited him. (God only knows the insider deals Corzine made with other Senators--maybe Hillary---to get the self -serving bill passed.
(b) FAST FORWARD---Now Sen is Gov Corzine. He and G/S crony Brad Abelow---who Corzine appointed as NJ Treasury Secy---formed a private investmnent firm. The two financisl geniuses said they "did not know" that move was illegal for govt officials.
(c) Several NJ agencies went bankrupt with huge pots of money under then-NJ Gov Corzine. $8B went missing from the Schools Bldg fund.
(d) Corzine, Abelow and Flowers---G/S cronies---all ended up at MF Global and presided over the disappearance of $1.2 billion.
All of this is no coincidence. Self- serving Corzine has always been about using public office to personally profit.
GOLDMAN SACHS EXECS---CORZINE AND ABELOW---MISLEAD CONGRESS Circa 2012 HEARING:
1. When Congress asked Bradley Abelow about "previously working with Corzine," close- mouthed Abelow reluctantly mentioned being Gov Corzine's COS.
2. Abelow MADE NO MENTION of Corzine appointing him to head NJ's Dept of the Treasury--- where the two con artists controlled ALL of NJ's tax assets.
3. Abelow and Corzine SHOULD have been pressed about their formation of an investment company while they were principals of NJ govt and controlled its assets. The two "financial geniuses" said they did not known this was illegal.
4. Abelow also failed to disclose his current position---as chairman of Obama EPA's Financial Advisory Board. NOTE: Obama's hand-picked EPA head also served in Gov Corzine's adminstration.
5. Abelow 's financial activities at EPA need top to bottom investigations. We need to know why Abelow is witholding crucial info. What does he have to hide?
<><> G/S head Jon Corzine went on to buy two US elected offices for some $125 million---Corzine was a US Senator and NJ governor. When Corzio was tossed out as Gov, he and several G/S cronies went to MF Global and looted that company of some $1.2 billion.
<><> Corzine is a well-rounded G/S operator. As Governor, he left the state of NJ $8 billion in debt. $8 billion went missing from the bogus "schools construction" agency....other agencies like UI and the Transporation Trust Fund went bankrupt with no explanation why. The $82 Billion state pension fund lost about 25%.
<><> OBAMA-CORZINE CONNECTION Right before Corzios reelection, Obama sent $17.5 Billion stimulus to NJ-which promptly vanished. VP Biden is on record as having asked Corzine for financial advice----Biden has a son and a brother involved with the Stanford offshore fraud (Stanford was just convicted of running a Ponzi)
<><> MF Global principal Brad Abelow was Corzines appointee as NJ Treasury Secycontrolling ALL NJ assets. Gov and Secy started an investment businessbut the two financial geniuses said they did not know this was illegal.
<><> MF Global principal Chris Flowers handled Sen/Gov Corzines blind assets. Flowers led the takeover of a Japanerse bank for Sen CorzineSen Corzine passed a bill giving the bank a US tax break......
<><> Jonny said "he did not know" the Senate bill benefitted him. Insider trading on Capitol hill could also be involved---Congress-rigged to get the Corzine bill passed.
<><> Corzine registered three corporations in super-secret financial havenDelawareBEFORE buying public offices.
<><>Bradley Abelow, an MBA from Yale School of Management, served as chief of Staff to the Governor of New Jersey in the Cabinet of Gov. Jon Corzine.
<><>Corzine first appointed Abelow Secy of the Treasury. Abelow and Corzine were top executives at Goldman Sachs. Abelow was MF Global Chief Operating Officer; Corzine was MF's CEO.
<><> G/S crony Chris Flowers controlled Corzine's "blind trust" while Corzine was in public office.
<><> Corzio, Flowers and Abelow are all G/S cronies.
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