Fox News : MF Global Treasurer Declines To Testify About Alleged Corzine Money TransferSubmitted by emalvini on Wed, 03/28/2012 - 17:39
Fox News : MF Global Treasurer Declines To Testify About Alleged Corzine Money Transfer
A top former MF Global executive declined to testify Wednesday during a House hearing on whether she approved or had knowledge that CEO Jon Corzine approved a transfer of nearly $200 million in customer funds to cover losses days before the brokerage firm collapsed.
Edith O'Brien, the firm’s former assistant treasurer, invoked her Fifth Amendment rights to not testify.
Her appearance before House Financial Services' oversight subcommittee came after congressional investigators recently acquired an email contradicting Corzine’s testimony that he did not order the transfer.
Email suggests Corzine ordered transfer of $200M as MF Global failed.
Investigators probe money transfers in investigation into missing MF Global customer funds
O'Brien also decline to comment on a published report that she is seeking immunity for her cooperation in an investigation.
The firmed file for bankruptcy Oct. 31 after a disastrous bet on European debt. It was the eighth-largest bankruptcy in U.S. history and resulted in farmers, ranchers and other customers losing roughly $1.6 billion.
Thomas Jefferson US President said: “I believe that banking institutions are more dangerous to our liberties than standing armies
Ken Fromm former CEO of Arco and Atlantic Richfield said, "Forget about standing armies, watch the bankers"