Memo Shows MF Global’s Jon Corzine Perjured Himself Before Congress & Ordered Funds Moved to JP Morgan


RUT-ROH, former Democrat Senator (NJ-D) and MF Global CEO Jon Corzine is in deep trouble …

Jon Corzine, the CEO of MF Global Holding gave direct instruction to transfer $200 million from a customers account to meet an overdraft in a brokerage account with JPMorgan Chase. Of course Corzine must have just thought that the transferred money would just miraculously appear to put back in the clients account. This occurred just days before MF declared insolvency. It’s not like Jon Corzine was Obama’s Chief  financial White House adviser. Oh wait, he was.

Corzine tells Congress he Knows Nothing

VIDEO can be seen HERE.

Jon S. Corzine, MF Global Holding Ltd. (MFGLQ)’s chief executive officer, gave “direct instructions” to transfer $200 million from a customer fund account to meet an overdraft in a brokerage account with JPMorgan Chase & Co. (JPM), according to a memo written by congressional investigators.

Edith O’Brien, a treasurer for the firm, said in an e-mail quoted in the memo that the transfer was “Per JC’s direct instructions,” according to a copy of the memo obtained by Bloomberg News. The e-mail, dated Oct. 28, was sent three days before the company collapsed, the memo says. The memo does not indicate whether that phrase was the full text of the e-mail or an excerpt.

However, Corzine’s testimony under oath before Congress states a much different story. Corzine said he had no idea where the money went.

Corzine, 65, in testimony in front of the House panel in December, said he did not order any improper transfer of customer funds. Corzine also testified that he never intended a misuse of customer funds at MF Global, and that he doesn’t know where client funds went.

“I never gave any instruction to misuse customer funds, I never intended anyone at MF Global to misuse customer funds and I don’t believe that anything I said could reasonably have been interpreted as an instruction to misuse customer funds,” Corzine told lawmakers in December.

Mr. Corzine, it would appear you perjured yourself. As stated at the American Thinker, if this does not send Corzine off to prison, nothing will. However, this might just be the tip of the iceberg.

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  • Comments

    3 Responses to “Memo Shows MF Global’s Jon Corzine Perjured Himself Before Congress & Ordered Funds Moved to JP Morgan”

    1. Dividist on March 24th, 2012 10:11 am

      “I certainly would never intend to direct or have segregated funds moved.” - Jon Corzine

      Operative word “intend” . He is just a poor misunderstood CEO who simply demanded that an employee solve a problem and had no idea that this company treasurer would misinterpret his instruction to transfer segregated customer funds.  Why would he think that? Just because there was no other money anywhere in the bankrupt firm to cover the shortfall? How would he know that? He was simply misunderstood. All he said was “Just fix it.”

      It is not unlike the innocent off-the-cuff remark made by King Henry II “Will no one rid me of this meddlesome priest?”  acted on by nearby knights in his employ, and the next thing he knew, through no fault of his own, the Archbishop of Canterbury is lying in a pool of blood. 

      These things happens.

      Let’s call it the Becket Defense.

    2. dennisintn on March 25th, 2012 2:22 pm

      birds of a feather flock together. can anyone name a single person in obama’s circle of close friends and administration who hasn’t lied almost every time they open their mouths?

    3. super dave on March 26th, 2012 7:50 am


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