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HomeSerwinski: “Corzine May Have To Go To Jail”
Posted by Larry Doyle on September 11th, 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, (more…)
MF Global: The Accounting Error That Wasn’t
Posted by Larry Doyle on April 4th, 2012 12:24 PM |
What really transpired in the offices of MF Global over that last fateful week?
On October 24th, the firm was downgraded by Moody’s. A week later, the once venerable house known as MF Global declared bankruptcy. Who knew what, and when did they know it? How did hundreds of millions of dollars of customer funds go missing? The best accounting and “follow the money” reporting I have seen to date is provided by a Sense on Cents favorite, CFO, which writes:
While securities dealer MF Global was melting down financially, the company’s finance and treasury departments — in conjunction with futures-market regulators — were on the hunt for the accounting error that wasn’t. (more…)
