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Serwinski: “Corzine May Have To Go To Jail”

Posted by Larry Doyle on September 11, 2012 4:09 PM |

The MF Global scandal is now in the rear view mirror, right?

Not so fast.

Although I do not believe that “this” Department of Justice has fully and properly pursued or might still indict Jon Corzine and other executives involved in the misappropriation of MF Global customer funds, the intrigue surrounding this travesty has life.

On that note, let’s “get Jon Corzine back out here” so we can take another swing at this pinata. How so? Let’s go to the videotape as Fox Business’ Charlie Gasparino reports, 

Is Gasparino grasping at straws here and is this story a reach?

Well, let me ask those in the audience, “do you think there has been a full, fair, and unbiased investigation of this entire MF Global affair?” Show of hands please.

If you need any supportive material, I welcome linking to the following: Sense on Cents/Jon Corzine-MF Global.

Larry Doyle

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I have no affiliation or business interest with any entity referenced in this commentary. The opinions expressed are my own. I am a proponent of real transparency within our markets so that investor confidence and investor protection can be achieved.

  • If you are really wondering why our Washington, DC delegations are not pushing for handcuffs – all you need to do is spend a few minutes in OpenSecrets and review the financial disclosure statements for our politicians. If/when Wall Street fails – most of the Washington politicians will be ruined. You’d think if they had any real smarts at all they’d get the hell out of the market…

    Take a look at their investments – says a lot about the people we are electing for “public service” – yeah? Very lucrative positions. Interesting who has the bank stocks too.

  • Chris

    So he goes to jail, doesn’t put the genie back in the bottle. The people that were harmed get nothing. My questions goes back to the day it all happened. Where did the money actually go? First Chase said they had it, then all of a sudden they didn’t. What they were actually saying was, yes we have that booked as a debit on our books, no wait… now its booked as an asset. Vaporization = from your account to mine. No trace..

    • That’s why there is actually $600 TRILLION of debt – paper money. See – It Takes A Pillage by Nomi Prins

  • OC

    Larry, nice to read your work. Corzine sure seems on the evidence available to the public, well deserving of jail time.

    Tragic that he for so long had such important public & private leadership roles.

  • Don C.

    I hate the guy for many reasons, but let’s be realistic. There’s NO WAY that this issue will come to any sort of a head this close to a Presidential election! Even the Republican party isn’t touching it and Corzine is a HUGE Obama supporter! This crony-ism will never end under our current, flawed system. I feel very bad about this as it is indicative of so many wider problems.

  • Ralph

    Corzine epitomizes everything that is wrong with America. If we let criminals walk free then we effectively endorse their behavior. If we put Jon Corzine in prison then that will go some way to restoring confidence in the system.

    How long did it take them to charge the PFG boss and yet it took almost a year for the DOJ to interview Corzine in the theft of $1.6b. Incredible…

    Let’s not couch this in terms that try to underplay the criminal actions that took place at MFG. Money did not ‘evaporate’ out of my account -it was stolen and I want Jon Corzine and his henchmen to go to prison for it.

  • Bill

    Need to bring back the venerable old English institution the Court of star chamber to deal with guys like Corzine. The star Chamber concerned itself with the cases of persons too prominent to be prosecuted in the ordinary English courts.

  • Tim Favero

    I wonder if politics is at play since there have been reports that no one will be even charged with any wrongdoing at MF Global. I find it hard to believe that no one could find inappropriate transactions involving segregated cash. Corzine’s testimony before Congress was disingenuous at best. I guess that’s why we have high paid lawyers.

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