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To: Texas Fossil

Shocked or not, involved in the fraud or not, Sarbanes-Oxley makes Corzine himself legally liable for what he certified in his capacity as CEO.


65 posted on 12/09/2011 7:28:14 AM PST by kevkrom (Separation of Business and State)
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To: kevkrom; Liz
There was one, for me, very curious part of Corzine's testimony yesterday..

He said that to transfer funds, as was done, out of customers' accounts, would require back office staff. I said this over a week ago....it's not like Corzine could just piunch a button on his computer...but these people would NOT do this, without explicit directions from Corzine, even thoguh they all knew that it was completely illegal.

Why they went along is easy to understand..they believed Corzine, when he told them that it would all be put back in a few days, and that if thet didn't go along, the firm, and t heir jobs, would disappear. These back office staff are now cutting deals with the Feds..

66 posted on 12/09/2011 7:34:38 AM PST by ken5050 (Support Admin Mods: Doing the tough, hard, dirty jobs that Americans won't do...)
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To: kevkrom; ken5050

If Corzine signed off on inaccurte statements, he is liable.

If Corzine falsified documents, he is prosecutable for several felonies.

Holding MF debt off the books is an Enron scan that put their CFO in jail.

Corzine apparently forced employees to buy stock of a failing company-—which got Enron’s ken lay indicted.


70 posted on 12/09/2011 8:09:38 AM PST by Liz
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