MF's Corzine Ordered Funds Moved to JP Morgan, Memo Says

[Anna]

Can we say, "Busted!"? And why is Corzine not in jail??!! (That's a redundant question -- we already know the answer.)

MF's Corzine Ordered Funds Moved to JP Morgan, Memo Says

3/23/12
Bloomberg

Jon S. Corzine, MF Global Holding Ltd. (MFGLQ)’s chief executive officer, gave “direct instructions” to transfer $200 million from a customer fund account to meet an overdraft in a brokerage account with JPMorgan Chase & Co. (JPM), according to a memo written by congressional investigators.

Edith O’Brien, a treasurer for the firm, said in an e-mail quoted in the memo that the transfer was “Per JC’s direct instructions,” according to a copy of the memo obtained by Bloomberg News. The e-mail, dated Oct. 28, was sent three days before the company collapsed, the memo says. The memo does not indicate whether that phrase was the full text of the e-mail or an excerpt.

Rest of story here

[Tristan]

Can we say, "Busted!"? And why is Corzine not in jail??!! (That's a redundant question -- we already know the answer.)

MF's Corzine Ordered Funds Moved to JP Morgan, Memo Says

3/23/12
Bloomberg



Rest of story here

So why hasn't he done the perp walk yet?

[Buick Electra]

THE OWS needs to hunt him down....do something PRODUCTIVE for a change!

[Berean]

THE OWS needs to hunt him down....do something PRODUCTIVE for a change!

I could agree with them (OWS) on this one.

[Cassandra]

The Email writer will appear in front of Congress Wednesday afternoon, BUT..


"O”Brien is to testify before Congress on Wednesday, but will plead the Fifth. This suggests she has not been offered a deal, or immunity."

So I guess the "JC" that she referred to in the Email could be someone other than Jon Corzine.

That could be the end of it, and now Jon Corzine can be appointed to replace "Turbo Timmy" Geithner.

[AWM]

They will not be putting JC in jail. He was just following instructions.
Their instructions.