Bloomberg has a blockbuster report on what Jon Corzine might have done with customers’ cash in the lead up to MF Global’s collapse.
Here’s our report from December, when Corzine testified on Capitol Hill that he did not know what had happened to the money.
Corzine was evasive when asked whether MF Global had ever transferred the segregated funds following his own instructions, but if it did happen “it was a misunderstanding because there was no intention under any context I can think of into tapping into segregated funds.”
When pressed, he said: “I can only say I know I had no intention to ever authorize the transfer of segregated monies,” and that “I certainly couldn’t confirm [that it hasn’t happened] based on what I have available to me today, but I know what my intentions are.”
