The Mysterious Disappearance of MF Global's $630 Million (Corzine illegally co-mingled funds?)

Forbes ^ | 11/1/11 | Robert Lenzner

[jimbo123]

Where oh where did Corzine’s $630 million go to? The search and rescue teams are all about the mighty financial institutions madly trying to find $630 million of customers money that stupidly and unethically and perhaps illegally was commingled with MF Global’s own capital in order for the firm to stay in business and avoid that deadly credit rating reduction that was one of a number of kisses of death.

Is it at JP Morgan? At first, it was announced to be resting easily and safely at the House of Morgan. But, apparently not.

[jimbo123]

Did Obama promise Corzine a bailout until the funds were discovered to be missing?

[ClearCase_guy]

Probably funding Occupy Wall Street.

[jimbo123]

[tennmountainman]

“Occupy Jail Cells”

[bert]

the Shit has hit the fan

[vbmoneyspender]

We are still paying for an apathetic financial regulatory system. Get James Stone, former CFTC Chairman, to form a special investigation committee, to map out the mandatory changes that must be made.

What a complete and utter jackass the author is. The problem is gov't corruption and the author's solution is more gov't.

[PGalt]

$630 milllion of customers money missing and a socialist/progressive/totalitarian/criminal/looting/’rat politician involved. Socialists live off OPM. (Perhaps they’re setting a precedent...the “new normal”...watch your 401ks) Is this even news?

DEFUND socialists and their collectives, foreign and domestic.

[bert]

Strangely believe-it, but the only body capable of reversing government corruption is the government

[Brilliant]

In separate news, Barack Obama raised $630 million in a campaign fundraiser last night...

[Jim Noble]

If Corzine doesn't find the $630 million tout de suite he's going to prison.

[circlecity]

"Where oh where did Corzine’s $630 million go to?"

Other reports from the financial media put the number closer to $1.5 billion.

[jimbo123]

Obama will give Corzine a blanket pardon to keep him quiet.

[jimbo123]

[vbmoneyspender]

They keep adding regulatory agencies and guys like Corzine play both sides of the system. No one is going to convince me that adding yet another layer of regulation will prevent this type of criminal behavior. The only thing the additional agencies do is make it harder for legitimate businesses to survive.

The best regulatory agency is a criminal courtroom. Enforce the laws on the books (like laws against stealing client funds) and put guys like Corzine in prison and you won't need any additional alphabet soup gov't agenices to oversee private companies like MF.

[ninonitti]

the Shit has hit the fan

Send lawyers guns and money.....

[YHAOS]

"The search and rescue teams are all about the mighty financial institutions madly trying to find $630 million of customers money that stupidly and unethically and perhaps illegally was commingled with MF Global’s own capital in order for the firm to stay in business and avoid that deadly credit rating reduction that was one of a number of kisses of death."

"Stupidly"?! "Perhaps illegally"?

[Del Rapier]

That is a hell of a lot of customers losing just about everything,still investing is never really a safe thing to do.Otherwise I wouldn’t be surprised if Corzine didn’t live to be much older then he is now.

[muir_redwoods]

Gosh! I sure hope Mr. Corzine can clear up this little misunderstanding. I would absolutely hate for him to have any legal problems; that would be awful.

[djf]

I’ll bet 630 million bucks that NONE of the suits responsible will spend a single day in the slammer.

If I lose the bet, you are SOL cause I don’t have 630 million.
And I’m not a bank or somebody that cavorts with the Fed Reserve/SEC/Lexus crowd, so I can’t get a “bailout” from the gov!

[cpa4you]

What amuses me is the surprise at what Corzine is reported to have done! After his dis-honor as a senator and Governor, we’re surpriseed by his character flaws?