NEW YORK (CNNMoney) - Jon Corzine, the former chief executive officer of the bankrupt broker MF Global, apologized for his firm's failure Thursday and told a House committee that he doesn't know where the missing money went.
"I simply do not know where the money is, or why the accounts have not been reconciled to date," said Corzine, the former Democratic senator and governor of New Jersey, in prepared testimony to the House Agriculture Committee on Thursday.
We need Federal Inspectors and state Inspectors from different background, and "Raid". I told state inspectors, because these Animals may bribe federal guys.....Raid, Raid, Raid, Raid, and Raid just like any third world is now doing...good luck...check underneath his bed, pillow, attic...etc,,
Considering the fact that we see a parade of this kind of corporate "lyin' and thievin'", how can anyone suggest that we need LESS oversight or monitoring/regulation of these hoodlums! I'm for gettin' government out of our face, but this new widespread American business model needs to be watched by someone in some sort of authority.
Well, someone knows where the money went. Have you ever noticed how the people who are being charged, tried, prosecuted and convicted in investment scams all have one thing in common? So far, the only people who have been getting charged and convicted are the people who stole mainly from the 1%. The people who steal from the 99% are stil walking around free, probably scheming how to steal more.
Let's give him a tax break!!
Forgot to add..
Let's give him a tax break, because he's a job creator.
It's for the good of America!!!
He should check with the corrupt union bosses that love him so much they stole elections for him. They know where it is. Such a typical democrat liberal, bet he will say it's Bush's fault.
Send him to prison and let him share a cell with Madoff
Therein lies the real problem. If he doesn't know, then he should be personally liable.