Corzine charged

Corzine charged

There are 23 comments on the New York Post story from Jun 28, 2013, titled Corzine charged. In it, New York Post reports that:

Jon Corzine, the broker's former CEO, who customers blame for its destruction in 2011, was charged by regulators in connection with MF Global's illegal misuse of customers' funds.

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bottlecap

Tampa, FL

#26 Jun 30, 2013
Wall Street Government wrote:
<quoted text>
Rep. Michael Grimm (R-SI) yesterday, citing what he called discrepancies between the CFTC suit and Corzine’s testimony before Congress, called on AG Eric Holder to bring perjury charges against the disgraced CEO.
That would hopefully be prison.
If the DOJ brings perjury charges against Corzine and he is found guilty, he could do hard time. But that is a long way from happening, as it stands now, all that we have is a Request from US Congressmen Michael Grimm(R-SI) for the DOJ to consider it.

What we DO have NOW is that Federal Regulators have filed a CIVIL SUIT against Corzine and to the best of my knowledge, CIVIL SUITS do not threaten the charged individual with prison time.
=========
http://www.usatoday.com/story/money/business/...

"Federal regulators sued former MF Global CEO Jon Corzine and the brokerage Thursday for alleged unlawful abuse of an estimated $1 billion in customer funds as the brokerage collapsed in 2011,..."

"The civil lawsuit, filed in federal court in New York by the Commodity Futures Trading Commission..."
Wall Street Government

Sebastian, FL

#27 Jun 30, 2013
bottlecap wrote:
<quoted text>
If the DOJ brings perjury charges against Corzine and he is found guilty, he could do hard time. But that is a long way from happening, as it stands now, all that we have is a Request from US Congressmen Michael Grimm(R-SI) for the DOJ to consider it.
What we DO have NOW is that Federal Regulators have filed a CIVIL SUIT against Corzine and to the best of my knowledge, CIVIL SUITS do not threaten the charged individual with prison time.
=========
http://www.usatoday.com/story/money/business/...
"Federal regulators sued former MF Global CEO Jon Corzine and the brokerage Thursday for alleged unlawful abuse of an estimated $1 billion in customer funds as the brokerage collapsed in 2011,..."
"The civil lawsuit, filed in federal court in New York by the Commodity Futures Trading Commission..."
Well, it's a lot closer than the other 100,000 banksters that should be in jail.
bottlecap

Tampa, FL

#28 Jun 30, 2013
Wall Street Government wrote:
<quoted text>
Well, it's a lot closer than the other 100,000 banksters that should be in jail.
I'm with you in this. The BANKSTERS have literally stolen TRILLIONS from the US, thru their control of the MSM and the political system.

If the Obama Administration does seek criminal charges against Corzine I would be shocked----still I would GLADLY applaud that effort.

A Flashback---Franklin Raines

http://en.wikipedia.org/wiki/Franklin_Raines

"CIVIL CHARGES were filed against Raines and two other former executives by the OFHEO in which the OFHEO sought $110 million in penalties and $115 million in returned bonuses from the three accused.[7] On April 18, 2008, the government announced a settlement with Raines together with J. Timothy Howard, Fannie's former chief financial officer, and Leanne G. Spencer, Fannie's former controller dismissing its charges. The three executives maintained their denial of the charges but agreed to the payment of fines totaling about $3 million, which were paid by Fannie's insurance policies."

Do you see how in works. Regulators seek 225 Million from Raines and his two pal---there were already 110 Million Paid them in BONUSES ALONE---the government settled for 3 MILLION----the 3 MILLION was paid for by Fannie Mae Insurance.:(

BOTH Franklin Raines AND Jon Corzine were sought out by the Obama Administration to provide economic advice.

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