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House Report Says Corzine’s Risky Bets Aided MF Global’s Fall

House Report Says Corzine’s Risky Bets Aided MF Global’s Fall

BY BEN PROTESS
LEGAL/REGULATORY November 14, 2012, 1:34 pm

Congressional investigators on Wednesday took aim at a former colleague, Jon S. Corzine, blaming the onetime senator’s risk-taking at MF Global for accelerating the brokerage firm’s demise.

In excerpts from a broader MF Global report that is to be released on Thursday, Republican members of a Congressional panel outlined a withering critique of Mr. Corzine’s 19-month reign at the firm. Mr. Corzine, a former Democratic senator and governor from New Jersey, resigned as MF Global’s chief executive last fall after the firm raided customer accounts during a futile fight for survival.

Read more: http://dealbook.nytimes.com/2012/11/14/congressional-report-...



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