Source: Daily Mail
Jon Corzine has admitted he has no idea where $1.2billion of missing customer’s money has gone since his brokerage firm collapsed. The former chief of MF Global has apologised to customers, employees and investors, saying ‘their plight weighs on my mind every hour’. But politicians and regulators have slammed the former New Jersey governor’s firm for operating as if the recession never happened.
‘I simply do not know where the money is, or why the accounts have not been reconciled to date,’ he told the House Agriculture Committee. ‘Their plight weighs on my mind every day – every hour,’ the former U.S. senator said in 21 pages of remarks prepared for delivery on Thursday.
Read More: ‘I’m sorry… but I’ve got no idea where your money’s gone’: Jon Corzine apologises to MF Global clients with $1.2bn still missing