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Bloomberg News reported today that former Senator and Governor Jon Corzine personally ordered a $200,000,000 transfer from customer funds of MF Global just three days before the company collapsed.  http://www.bloomberg.com/...  See also: http://www.rawstory.com/... .

The transfer was reportedly to cover an overdue debt to JP Morgan Chase.

The problem is that Corzine testified under oath to Congress a few weeks ago that he had no knowledge of any such transfers.

See also this good diary from yesterday:  http://www.dailykos.com/... .  This concerns William Black on the Jobs Act, and raises the question why Corzine is not in prison after the disappearance of $1.6 billion in customer funds, which have left many pension funds destroyed and individuals wiped out.

I'm not a financial analyst.  I'm just passing along this dismaying news item, which has not yet been diaried.

Let me collect some good profiles here:

http://www.thedailybeast.com/... .

http://www.thedailybeast.com/... .

Well, I'll stop there. There was a great piece I read about him a month or so ago, talking about his rise from nothing, but I can't find it right now.

Thanks for your patience with this raggedy diary!

Originally posted to Timaeus on Fri Mar 23, 2012 at 09:06 PM PDT.

Also republished by ClassWarfare Newsletter: WallStreet VS Working Class Global Occupy movement.

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Should Jon Corzine be in prison?

55%63 votes
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| 113 votes | Vote | Results

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