MF Global Transferred $200 Million Cash to JP Morgan in London Three Days Before Bankruptcy. Presenting The Three Unscripted Sentences That May Have Cost Jon Corzine His Freedom. Bradley Abelow. Bradley Abelow is an American businessman and political leader who formerly served as Chief of Staff to the Governor of New Jersey in the Cabinet of Gov.
Jon Corzine. Prior to entering Governor Corzine's Cabinet as State Treasurer, he was a top executive for the Wall Street firm of Goldman Sachs. He is currently Global Chief Operating Officer at MFGlobal (Joined 13 Sept 2010)[1] Wall Street Career[edit] He served for 15 years in executive positions with Goldman Sachs, where he worked with Governor Corzine, the investment bank's former CEO. Treasurer of New Jersey[edit] Abelow formerly served as New Jersey State Treasurer. As Treasurer, Abelow held seats on several state boards in New Jersey. Chief of Staff to the Governor[edit] On September 1, 2007, Corzine named Abelow to serve as his Chief of Staff, replacing Thomas Shea.[3] Treasurer Abelow was considered an unusual choice for the post since he had no background in New Jersey politics and was primarily a business executive by training. Jon Corzine doesn't know what happened to MF Global customers' money, he'll tell Congressional committee. Aristide Economopoulos/The Star-LedgerFormer Governor John Corzine testifies before the House Agriculture Committee in Washington, DC about his roll in the bankruptcy of MF Global where he served as chairman and CEO.
WASHINGTON — Jon Corzine, the former senator and governor of New Jersey, is slated to tell a Congressional committee today that he does not know what happened to the customer funds that went missing in the run-up to MF Global's bankruptcy. In a 21-page statement that will serve as the basis for his testimony this morning before the House Agriculture Committee, Corzine said he was "was stunned when I was told on Sunday, October 30, 2011, that MF Global could not account for many hundreds of millions of dollars of client money.
I remain deeply concerned about the impact that the unreconciled and frozen funds have had on MF Global’s customers and others. " He goes on to say, "I simply do not know where the money is, or why the accounts have not been reconciled to date. Corzine to testify before congress about MF Global - Dec. 7. Former New Jersey governor and MF Global CEO Jon Corzine will appear before the House Agriculture Committee on Thursday.
NEW YORK (CNNMoney) -- After weeks of speculation about how more than a billion dollars in customer money went missing at MF Global, former CEO Jon Corzine will give his side of the story on Capitol Hill Thursday. Corzine, also a former senator and governor of New Jersey, has been called to testify before the House Agriculture Committee as it investigates what went wrong at the brokerage firm, which went bankrupt in late October after disclosing bets on risky European debt that sparked a panic among investors. (MF Global: Sorting through the debacle.) More than $1.2 billion worth of MF Global (MFGLQ) customer funds may be unaccounted for, according to the trustee overseeing the brokerage's liquidation, a shortfall that has sparked investigations by the FBI and federal regulators.
Goldman Sachs Outed On International TV. Some rather hard hitting reporting and analysis on the Vampire Squid...
Start at 2:20 into the video. I have much more on this... Yes, The BoomBustBlog Forecast Pan-European Bank Run Has Breached American Soil!!! The Ironic, Prophetic Nature of the MF Global Bankruptcy Filing and It's Potential Ramifications The Anatomy Of A European Bank Run: Look At The Banking Situation BEFORE The Run Occurs!
Currency Futures Trading Commission. Currency Futures Trading Commission. Corzine’s Obama Clause in MF Global Offering Stuns Wall Street. MF Global Holdings Ltd.
(MF) took the cult of the Wall Street chief executive officer to a new level with its sale of bonds that pay a higher rate if Chairman and CEO Jon Corzine quits to take a job from the U.S. president. The futures broker sold $325 million of five-year unsecured notes, the company said today in a statement. The notes will pay an extra percentage point of interest if Corzine is named to a federal post and confirmed by the Senate before July 2013, New York-based MF Global said yesterday in a regulatory filing. “That seems crazy,” said William Larkin, a fixed-income portfolio manager who oversees $500 million at Cabot Money Management Inc. in Salem, Massachusetts, and has 22 years of experience. “I’ve never heard of something like this.” Corzine, the 64-year-old former governor of New Jersey, helped run Goldman Sachs Group Inc. A Democrat, Corzine is among the biggest fundraisers for President Barack Obama’s 2012 re-election campaign.
Retention Bonus ‘Extra Protection’ Corzine’s Obama Clause in MF Global Offering Stuns Wall Street. MF:New York Stock Quote - MF Global Holdings Ltd.