jeninflorida
Literotica Guru
- Joined
- Feb 17, 2003
- Posts
- 22,463
just saying! it pays to pay kickbacks to obama
Corzing is a criminal and a major asshole, just saying!
Corzing is a criminal and a major asshole, just saying!
Four years after Lehman Brothers' bankruptcy, most Americans are still waiting for the "perp walks."
Despite the populist (and partisan) appeal, former Goldman Sachs CEO and New Jersey Governor Jon Corzine seems likely to escape prosecution for the demise of MF Global, which collapsed nearly one year ago.
"After 10 months of stitching together evidence on the firm's demise, criminal investigators are concluding that chaos and porous risk controls at the firm, rather than fraud, allowed the money to disappear," The New York Times reported in August.
This week, Corzine's lawyers are seeking to have a civil case dismissed. A group of investors, including the Virginia Retirement System, claim Corzine, MF Global and its banks — including Goldman [GS 119.77 0.77 (+0.65%) ], JPMorgan Chase [JPM 41.71 0.38 (+0.92%) ] and Citigroup [C 37.30 0.41 (+1.11%) ] — misled investors about the risks MF Global was taking with its leveraged bets on European debt.
Corzine's lawyers claim the case "makes no sense" because Corzine bought 50,000 shares of MF Global two months before the collapse, The WSJ reports. Furthermore, Corzine's lawyers say the firm collapsed because of "unsuccessful business strategies," not fraud.