Raise Your Hand If You Would Like To Invest In Jon Corzine's New Hedge Fund... Anyone?
Aug 23, 2012 at 2:16 AM
DailyBail in bank fraud, criminal prosecution, jon corzine, jon corzine, mf global, mf global

'Anyone... ?' - Ben Stein in Ferris Bueller's Day Off, from 1986.

The following excerpt, and especially the last sentence, sums it up nicely.  All hope is not lost however, as lawyer James Koutoulas told Rick Santelli on CNBC yesterday that he plans to pursue criminal charges against Corzine in all 50 states.

Corzine Angst

"How could prosecutors drop a case where over one billion dollars in client money has gone missing, and where a CEO is throwing his hands up and saying he has no clue," asks Cornelius Hurley, director of the Boston University Center for Finance, Law & Policy.

"It gets your blood boiling," says Hurley, former counsel to the Fed Board of Governors.  He notes that the statute of limitation on charging Corzine far off "so for anyone to say this early in the game that Corzine is off the hook criminally is a someone that didn’t have the courage to convict him anyway."

 

 

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