11/1/11, "MF Global violated customer cash rules," AP, USA Today
"MF Global, the securities firm led by former Goldman Sachs chief Jon Corzine, admitted using clients' money as its financial troubles mounted, a federal official says. ...
It is not clear where the money ended up or what it might have been used for, said the official, who spoke on condition of anonymity because he wasn't authorized to discuss an investigation by federal regulators....
MF Global was one of the biggest players in the derivatives market....
Corzine, a former New Jersey governor, took over MF Global last year. He led MF Global to make more trades for the company's own profits, a practice known as proprietary trading. Proprietary trading helped turn Goldman into a trading powerhouse in recent years.
Under Corzine's leadership, It bet $6.3 billion on debt issued by Italy, Spain and other European nations with troubled economies. Those bonds have lost value in recent weeks. as fears have intensified that some European countries might default.----------------
7/15/11, "Katzenberg, Corzine and Wintour top Obama's bundler list," The Hill, D. Strauss
8/11/11, "Jon Corzine's name linked to the U.S. Department of Treasury," Newark Independent Examiner, Covin
11/1/2009, "Barack Obama puts prestige on line for Jon Corzine," Politico