MF's Corzine said to know of customer fund misuse (Obama's friend and fundraiser lied to Congress)

reuters ^ | 12/13/2011 | Alexandra Alper and Aruna Viswanatha

[tobyhill]

The regulatory arm of CME Group has turned over interviews to the Justice Department that allege former MF Global chief Jon Corzine knew that the now-bankrupt brokerage firm used customer money to lend to a European affiliate, a CME executive said on Tuesday.

The information is fourth-hand but is the strongest statement yet from a regulator that Corzine may have personally known customer funds were diverted for firm use.

Federal investigators are probing why hundreds of millions of dollars in customer funds are missing, and whether the futures brokerage raided customer money to try to counter a liquidity crisis, a major violation of industry rules.

Corzine, who resigned as chief executive of MF Global early last month, has given sworn testimony that he does not know where the money is, but it is unclear if this latest revelation will legally harm him.

[samadams2000]

Apple pie or Cherry Pie Mr. Corzine??!! See you in the slammer!

[Chode]

[ColdOne]

Nothing will happen to him either. Horrendous.

[kcvl]

Maybe he can share a cell with Blago (in my dreams).

[Hammerhead]

So this guy gets convicted for stealing BILLIONS and he gets maybe 4 years max and then out in 6 months to a year max.

But Lord help you if you some schlub who steals his 3rd candy bar and get put away for life.

I’ve about had it.

[Stosh]

I’m sure our fine Attorney General will confirm that however untrue Corzine’s actual words might have been, since his state of mind was acceptable, his testimony was not in fact an instance of perjury.

[Razzz42]

Even if misappropriating a thousand dollar was an automatic felony with 5 years jail time, they would still steal $999.99. And probably do it a million times.

[Balata]

Maybe he can share a cell with Blago (in my dreams).

And also Holder... and... lol!

[Ann Archy]

NOTHING will happen to Corzine!!! He most likely WANTED to lie to Congress, so a slap on the wrist would be all he got!

[leprechaun9]

When Corslime was running for Governor of NJ, his former wife asked: If his family can't trust him, why would the people of NJ trust him with the Governorship? But the NJ idiots (including the unions and racists of the urban areas) did it!

There is nothing to get excited about here. This is only a resume builder for a loyal Democrap!