Fox Business - The Power to Prosper
Search Site

Jon Corzine

MF Global Trustee Makes Customers Whole

MF Global Inc. customers will be fully repaid, announced the trustee James Giddens on Thursday. The firm, at the time headed by former New Jersey Governor Jon Corzine, collapsed in 2011 after massive risky bets on European debt. As part of the collapse, and immediate bankruptcy, it was discover that money was missing from more 26,000 securities and commodities futures customer accounts. The trustee said a total of $6.7 billion will be returned to customers making their accounts whole. Distributions will start on Friday.Copyright © 2014 MarketWatch, Inc....

Read More

  1. Lawmakers want perjury probe for Corzine

    A group of Republican lawmakers called on Friday for a criminal investigation of Jon Corzine, the head of failed futures broker MF Global, saying he may have committ...

  2. Quest for Wasendorf's embezzled funds yields little

    Russell Wasendorf Sr., who is serving a 50-year prison sentence for embezzling $215 million from clients of his failed futures brokerage, appears to have told the tr...

  3. CFTC Charges Jon Corzine In MF Global Collapse

    The Commodity Futures Trading Commission on Thursday filed an enforcement action against former New Jersey Governor Jon Corzine related to the collapse of MF Global ...

  4. CFTC: Corzine Misused Customer Funds

    The Commodity Futures Trading Commission on Thursday filed civil charges against Jon Corzine and another top executive at MF Global Holdings, the commodities brokera...

  5. Report: CFTC Plots Civil Suit Against Corzine

    Under pressure to hold Wall Street executives accountable for misconduct, U.S. regulators are reportedly poised to pursue a civil lawsuit against former MF Global CE...

  6. Corzine Facing Civil Charges On MF Global Collapse

    Former New Jersey Governor Jon Corzine could be facing charges from federal regulators as early as this week over his role in the collapse of MF Global, said a repor...

  7. Former MF Global CEO Corzine sued by trustee

    Jon Corzine was sued by the bankruptcy trustee liquidating MF Global Holdings Ltd , who accused the former chief executive of engineering a high-risk business strate...

  8. Ex-MF Global CEO Corzine sued by trustee

    Jon Corzine, the former chief executive of MF Global Holdings Ltd , drove the futures and commodities brokerage into collapse by taking excessive risks and ignoring ...

  9. MF Global Trustee Sues Former CEO Corzine

    MF Global Trustee Louis Freeh filed a lawsuit against former Chief Executive Jon Corzine in bankruptcy court, The Wall Street Journal reported on Tuesday. The lawsui...

  10. Ex-MF Global CEO Corzine Sued by Trustee

    Jon Corzine, a former U.S. Senator and governor from New Jersey, has been sued for his role in the failure of brokerage firm MF Global Holdings, the eighth largest b...

  11. Judge Approves MF Global Liquidation Plan: Reports

    A federal judge on Friday approved a liquidation plan for MF Global Holdings Ltd., a day after the firm's former chief executive, Jon Corzine, was blasted over his c...

  12. MF Global's liquidation plan approved by bankruptcy court

    MF Global on Friday gained court approval of a plan to liquidate its assets, pay back creditors and end the $40 billion bankruptcy that rocked the financial world in...

  1. U.S. fines Morgan Stanley for not segregating client funds

    The Commodity Futures Trading Commission on Thursday fined Morgan Stanley $490,000 for violating rules that require futures brokers to protect clients by keeping the...

  2. Ex-MF Global Chief Corzine's Son Dies: Reports

    The 31-year-old son of Jon Corzine, the former New Jersey governor and ex-chief executive of now-collapsed commodity-trading firm MF Global, has killed himself, acco...

  3. Judge Orders MF Global Pay $1B to Customers

    MF Global, the bankrupt brokerage firm led by former New Jersey Governor Jon Corzine, has been ordered by regulators to pay $1.2 billion in restitution to its custom...

  4. Obama Picks Massad to Head CFTC

    President Barack Obama named Timothy Massad, a lawyer who earned his spurs at the country's bank bailout program, as the next head of the U.S. swaps regulator, accor...

  5. Trustee: MF Global Clients Will Be 100% Repaid

    Former commodities customers of MF Global Inc. will get all their money back by the end of the year, the firm's bankruptcy trustee said Wednesday. That announcement ...

  6. Second 'Lehman Moment' Averted

    For the past five years investors have lived in fear of another "Lehman Moment" that would catapult financial markets into chaos.Thanks in part to the emphatic respo...

  7. NY AG Pushed Trump to Settle School Suit for $5M

    Exclusive: Billionaire Donald Trump is battling back big time against the $40 million lawsuit brought by New York State Attorney General Eric Schneiderman, which all...

‹ Prev12345Next ›
Freebase CC-BY
Source: Jon Corzine on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL