As Day In Court Looms, Corzine Tries To Settle MF Global Fraud For Just $5 Million

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Ah yes, Mr. Corzine. We haven’t seen much of you these days. Of course we didn’t summer in the Hamptons this year.

$5 million is slightly more than a speed bump for Mr. Corzine. But just barely.

Here’s a little refresher on what happened at MF Global.

(From Zerohedge)

Five years after MF Global’s collapse after big, levered bets on European bonds blew up leaving a $1.6 billion shortfall in customer funds, WSJ reports former New Jersey Gov. and Goldman Sachs CEO Jon Corzine is nearing a deal to pay $5 million to end a U.S. regulator’s lawsuit.

Ending what The Wall Street Journal calls a long and messy chapter in a four-decade career which touched the pinnacles of Wall Street and politics…

See, done and done. And now, as the weather turns cool in the Northeast it’s off to Saint Bart’s.

Click here for the article.

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