Breaking News: MF Global’s Corzine Ordered Funds Moved to JPMorgan
Politics / Credit Crisis 2012 Mar 24, 2012 - 04:55 AM GMTBy: Bloomberg
Bloomberg TV reports on the news that Jon Corzine, MF Global Holding Ltd.'s chief executive officer, allegedly gave "direct instructions" to transfer $200 million from a customer fund account to meet an overdraft in one of the brokerage's JPMorgan Chase & Co. accounts in London, according to an e-mail sent by a firm executive.
As Bloomberg's Julie Hyman reports on Bloomberg Television's "Street Smart," "This appears to be the most direct and damaging evidence uncovered by investigators."
Adam Johnson adds, "Here is potentially a smoking gun that people have been talking about...but that is very damning potentially to Mr. Corzine."
bloomberg.com
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