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.<quoted text>
Rep. Michael Grimm (R-SI) yesterday, citing what he called discrepancies between the CFTC suit and Corzines testimony before Congress, called on AG Eric Holder to bring perjury charges against the disgraced CEO.
That would hopefully be prison.
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.
"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..."