FBI, Federal Prosecutors to Join Inquiry into Corzine Firm

[stockholmer]

Source: NBC News

Federal prosecutors and the FBI are set to join the inquiry into what happened to hundreds of millions of dollars invested with a securities firm headed by former New Jersey Gov. Jon Corzine, officials familiar with the case told NBC New York.

The Justice Department involvement comes as the Securities and Exchange Commission and the Commodities Future Trading Commission have said their own inquiry is underway into the collapse of the brokerage firm, MF Global Holdings Ltd.

The head of the Chicago Mercantile exchange said Tuesday that the firm broke rules requiring it to keep clients' money and company funds in separate accounts.

U.S. Attorney Preet Bharara declined to comment Tuesday as did DOJ spokesmen in New York and Washington. An FBI spokesman also declined to comment.






Read more: http://www.nbcnewyork.com/news/local/Jon-Corzine-MF-Global-Securities-Investments-Investigation--133029488.html

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related

Corzine's White House bond looks unlikely

http://www.efinancialnews.com/story/2011-11-01/corzine-obama-bond-unlikely-deutsche-bank?mod=sectionheadlines-IB-AM

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In August, just over two months before his firm was forced to declare its bankruptcy yesterday, MF Global boss Jon Corzine, a former Democrat governor and senator from New Jersey, made an ambitious bet. If he made the switch from Wall Street to the White House before 2013, then he would pay his bondholders a sweetener.
In early August, futures broker MF Global sold $325m in five-year unsecured notes. MF Global promised to pay the new bond holders an extra 100 basis points if President Barack Obama employed Corzine, who had taken up the reins as MF Global chairman and chief executive in March 2010 after he was defeated in late 2009 for re-election as New Jersey governor, in a governmental role before 2013.

If Corzine, also a former Goldman Sachs chief executive, was to work for the US government it would not be seen as unusual as Robert Rubin (a former Goldman Sachs chairman) and Hank Paulson (an ex-Goldman chief executive) were both appointed Secretary of the Treasury, and Gary Gensler, current Commodity Futures Trading Commission chairman, was a former Goldman co-head of finance.

In August, the White House declined to comment about a future job offer for Corzine. However, a governmental role looks increasingly unlikely now, as Obama attempts to woo voters by cozying up to the ‘Occupy Wall Street’ protestors.

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Now Check Out All The Ways Jon Corzine Is Connected To Democrats And Obama

http://www.businessinsider.com/check-out-all-the-ways-jon-corzine-is-connected-to-democrats-and-obama-2011-10


Jon Corzine’s Wall Street Firm, MF Global Has Filed For Bankruptcy. “Broker-dealer MF Global, headed by former New Jersey governor and Goldman Sachs chairman John Corzine, has filed for bankruptcy protection, apparently because of holdings of European debt.” (“Broker-Dealer MF Global Files For Bankruptcy,” USA Today, 10/31/11) http://www.usatoday.com/money/industries/brokerage/story/2011-10-31/mf-global/51011564/1
Corzine Is Expected To Receive A $12 Million Golden Parachute. “With a sale of MF Global, Mr. Corzine’s role at the firm will almost certainly end, though he is expected to receive a severance payment of nearly $12.1 million.” (Michael J. De La Merced And Ben Protess, “MF Global Said To Be In Deal Talks With Interactive Brokers,” The New York Times’ “Dealbook,” 10/30/11) http://dealbook.nytimes.com/2011/10/30/mf-global-in-deal-talks-with-interactive-brokers/

Corzine Has Bundled Over $500,000 For Obama’s Reelection Campaign. (Center For Responsive Politics, Opensecrets.Org, Accessed 10/31/11) http://www.opensecrets.org/pres12/bundlers.php?id=N00009638
“Corzine Has Already Held A High-End Fundraiser And Organized A Secret Meet-And-Greet Between Finance Executives And Obama’s New Chief Of Staff.” (Peter Stone, Elizabeth Lucas, John Aloysius Farrell, Paul Abowd and Rachael Marcus, “Obama Campaign Reports More Than 350 Big Bundlers, Including Solyndra Figures,” Iwatch News, 10/14/11) http://www.iwatchnews.org/print/7127

Corzine Co-Hosted A Wall Street Fundraiser For Obama In April. “President Obama's first New York event since he declared his reelection will be at the home of former New Jersey Gov. Jon Corzine, the former Goldman Sachs financier who will host a high-dollar, small dinner, an invitation to the event shows. Tickets to the event, which sources said Corzine is co-hosting with another financier, longtime Obama backer Orin Kramer and his wife, cost $35,800 per person.” (Maggie Haberman, “Obama Fundraiser At Corzine Home,” Politico, 4/5/11) http://link.sc.states.gop.com/?262-185-185-229-4233

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MF Global’s Downfall Raises Question on Fed’s Primary Dealer Pick

http://blogs.wsj.com/deals/2011/11/01/mf-globals-downfall-raises-question-on-feds-primary-dealer-pick/?mod=google_news_blog




Both parties and the Federal Reserve are a sewer of bankster/Wall street puppets, hopefully #OWS keeps growing