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FSN: Senior MF Global Executive Said Corzine Knew About Misuse of Funds
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
by Charlie Gasparino
Fox Business
In the days following MF Global’s stunning implosion last year, a senior executive at the firm made a startling concession to investigators looking into both the company’s demise and the loss of more than $1 billion in customer money, according to people with direct knowledge of the matter.
MF Global’s chief financial officer for North America, Christine Serwinski, told investigators that her boss, MF Global’s chief executive, Jon Corzine, was well aware of the use and possible misuse of the customer funds during the firm’s final days, and as a result, Corzine may end up in “jail,” these people add.
Serwinski’s initial account of MF Global’s bankruptcy — and who might be to blame for the loss of $1.6 billion in customer funds — has yet to be disclosed, and could add a new dimension to the year-long federal investigation into the firm’s implosion.
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2012-09-11 21:22:35
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