Have we just found out where some of MF Global's missing $$$ went?

[Little-Acorn]

Naw. Couldn't be.

It's all just a coincidence, I'm sure.

One has NOTHING to do with the other.

-------------------------------------------------

http://www.weeklystandard.com/blogs/...ma_620781.html

Jon Corzine Raised $500,000 for Obama

2:38 PM, Jan 31, 2012
by DANIEL HALPER

According the Barack Obama's 2012 campaign website, Jon Corzine of Hoboken, New Jersey raised at least $500,000 for the president's reelection effort.

Corzine, of course, has most recently been in the news for being on the wrong side of a $6.3 billion bet as head of MF Global. "MF Global filed for bankruptcy on October 31, after $6.3 billion in risky bets on European sovereign debt spooked investors and an effort to sell the company failed," Reuters reported. "Investigators are searching for as much as $1.2 billion in missing customer money, which regulators said the company may have diverted for its own needs."

Later, Corzine admitted he could not account for the $1.2 billion.

At one point, Corzine was once considered a possible candidate for secretary of the Treasury Department. "President Obama once hailed [Corzine] as an 'honorable man' and one of his 'best partners' in the White House," ABC reported.

[Cyclone Ranger]

lol, $500K is chicken scratch compared to what Corzine makes.

The missing client funds were spent by traders, which Corzine was not.

[DamnYankee]

Have we just found out where some of MF Global's missing $$$ went?

The BO corruption never relents, does it?

[Cyclone Ranger]

lol, you're claiming that Corzine's donation to the Obama campaign was somehow taken out of client positions? Evidence?

[Šñøü†ê®]

lol, $500K is chicken scratch compared to what Corzine makes.

^Ad hominem alert!...lol

The missing client funds were spent by traders, which Corzine was not.

^Cowpunk should testify to Congress alert since Corzine did not know where the missing money was alert! Cowpunk, try to think logically for a second. Where are the receipts, account statements, credit card statements, cancelled checks if the money was spent?

[hadit]

^Ad hominem alert!...lol



^Cowpunk should testify to Congress alert since Corzine did not know where the missing money was alert! Cowpunk, try to think logically for a second. Where are the receipts, account statements, credit card statements, cancelled checks if the money was spent?

Exactly. Unless someone is running a brilliant laundering scheme, it's very hard to make that kind of money just vanish. I'm going with, at the very least, willful blindness on Corzine's part. He has to know where the trail starts.

[Cyclone Ranger]

The traders probably used the client money to cover their own FOREX positions - and while that's highly unethical, it looks like their client agreements permitted it under discretionary authority.

Corzine was already gone by the time the trades collapsed, and no longer had access to the books.

[Cyclone Ranger]

^Ad hominem alert!...lol

Please don't use words you clearly do not understand.

^Cowpunk should testify to Congress alert since Corzine did not know where the missing money was alert! Cowpunk, try to think logically for a second. Where are the receipts, account statements, credit card statements, cancelled checks if the money was spent?

I'm not Cowpunk.

Next, the monies were likely paid out to offshore clearing firms not regulated by FINRA via digital wire transfer. There probably were no statements as per confidentiality agreements.