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Posts Tagged ‘MF Global civil fraud lawsuit’

Jon Corzine: Ego Only Outweighed by Stupidity?

Posted by Larry Doyle on October 24th, 2012 9:28 AM |

“Jon Corzine is the smartest guy that I know. . . “ VP-elect Joe Biden

Jon Corzine’s lawyer yesterday made the case that his once high-flying financial and political heavyweight client could not have participated in a fraud at MF Global because as reported by The Wall Street Journal,

“. . . just two months before the company collapsed, he bought over 50,000 shares of MF Global stock on the open market.”

Need we remind Mr. Corzine’s attorneys that just because an individual might be stupid and not fully understand the operational risks within a firm and the liquidity risks within a marketplace DOES NOT preclude said individual of engaging in fraudulent and criminal activity.¬† (more…)






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