Jon Corzine is unlikely to ever again work in finance, after overseeing this week's collapse of brokerage MF Global. But according to Fortune he may have much bigger things to worry about. Like going to jail.
Corzine has not comm ented publicly on MF Global's collapse, let alone to say if he authorized the fund transfers. But multiple sources tell me that the sentiment within the MF Global ranks is that Corzine either gave explicit orders to mix the funds or at least was aware of what was going on, adding that only a limited number of people could have made such a decision. Fortune has been unable to confirm the underlying veracity of that sentiment but, if accurate, Corzine would seem to be in violation of the law…..
Find out more at http://finance.fortune.cnn.com/2011/11/02/jon-corzine-mfglobal-to-jail/?iid=SF_F_LN
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