Tag:
MF Global
Latest Headlines
Latest Headlines
The man who warned Jon Corzine--and paid with his job
The more compelling testimony in the Congressional hearing that featured two chief risk officers of the disgraced MF Global came from Michael Roseman, who appears to have been ousted by Jon Corzine and his cronies because of his concerns about the firm’s exposure to European sovereign debt.
Ro
MF Global treasurer on the hot seat
Edith O'Brien, a treasurer at MF Global, has found herself in an unenviable position. She has emerged as a "person of interest" in the investigation, which has forced her to retain a powerful criminal defense attorney. She has also been called out by embattled ex-CEO Jon Corzine in public and been
Corzine's legal liability mounts
As prosecutors continue to look into the missing $1 billion at MF Global, the big question for many is whether ex-CEO Jon Corzine will be criminally charged.
Corzine might represent the last hope that an actual human being will be held criminally accountable for running a Wall Street firm into
CME Group tarnished by MF Global scandal
One of the ancillary victims in the MF Global scandal has been the CME Group, the premier domestic operator of derivatives exchanges.
It was not surprising when the CME Group took a very harsh tone toward MF Global and ex-MF Global CEO Jon Corzine, who was accused in straightforward fashion of
MF Global likely to avoid criminal charges
The New York Times reports that the MF Global investigation is heating up.
"In the coming months, federal authorities are likely to answer crucial questions, including the exact whereabouts of the customer money and who at MF Global caused it to disappear. At some point (in 2012), because
CME still on hot seat
Speaking about the MF Global scandal, an executive of the CME Group recently told a group of hedgers that "this was the failure of a firm, a firm that broke the rules, not the failure of any clearing house. At CME, we met our obligations. We believe all customers affected should have their full ba
New evidence in the MF Global scandal
We've said all along that someone who worked at MF Global knows what happened to the missing $1 billion.
We were hopeful that these employees would step forward. But when prosecutors and investigators furiously investigate in a hot-house environment, there's always a chance that scapegoats wil
What motivates Jon Corzine?
As the insider trading trials heated up, much was made of the fact that the prosecution relied on techniques--mainly the use of wiretaps--that previously had been used on drug dealers and organized crime figures. Do prosecutors really think top Wall Street targets are akin to drug lords?
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Corzine digging even deeper hole
The good news is that at least Jon Corzine didn't plead the fifth in his three congressional hearings, which got testier with each one. But in the end, Corzine, the ex-CEO of MF Global, came off looking awful.
At best, he appeared to be a guy who was out of touch with his company's top execut
Corzine's trades way too risky in Sarbox era
The testimony of Jon Corzine before a congressional panel coincided loosely with the tenth anniversary of the bankruptcy of Enron, which resulted in the passage of Sarbanes-Oxley. In the eyes of
