Posted on 03/24/2012 8:20:03 AM PDT by Brilliant
Edited on 03/24/2012 8:27:36 AM PDT by Admin Moderator. [history]
Jon S. Corzine gave "direct instructions" to move $200 million from an MF Global Holdings Ltd. account containing customer funds three days before the securities firm collapsed, according to an employee email reviewed by congressional investigators.
The Oct. 28 email was disclosed in a five-page memo released Friday afternoon by a House Financial Services subcommittee. The panel is investigating what caused an estimated $1.6 billion shortfall in customer funds at MF Global, which collapsed into bankruptcy Oct. 31.
(Excerpt) Read more at online.wsj.com ...
This is just one more confirmation that the reason democrats know so much about that evil “corporate greed” they rail against is that they play a leadership role in making corporate greed happen.
Federal sentencing guidelines are based on amount of money
200 million if that is the legally accepted amount in question calls for minimum statuatory of 120 months and Congressional guidelines of 188 to 360 months
No parole
Some districts will not plea down but southern of New York will
Still that pesky statuatory minimum though
And no parole
10 years and you start out medium FCI pretty harsh digs for old soft peckerwoods
Would it be Cy Vance’s job to indict?
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