CFTC charges Corzine, Assistant treasurer in MF Global failure
By Reuters
. . . .
The Commodity Futures Trading Commission said on Thursday it will seek in a civil case to ban Corzine and former Assistant Treasurer Edith O'Brien from the industry, and also seek penalties against the two.
. . . .
But another lawyer, asking to speak anonymously, said there was little in the complaint that pointed to fraud, reducing chances of any criminal charges.
But U.S. Representative Michael Grimm, a New York Republican, urged prosecutors to bring criminal charges against Corzine, saying there was growing proof that he had committed perjury in his testimony before lawmakers.
The CFTC also sought an order for Corzine and O'Brien to disgorge any salaries or bonuses, or trading profits, that they had received from any unlawful actions.
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1 COMMENTS:
Know anyone that voted for Obama?...send them this....Hudson is a Democrat leaning economist.
Michael Hudson Shreds Obama’s Orwellian Speech on Middle Class Prosperity
MH: Obama did not mention the role of debt in this, increasing the cost of labor and the financial overhead of its employers.
In this speech it is as if he thinks that telling people that he knows how squeezed they are means that he wants to solve their problems.Rather, their squeeze is the profit of his backers.
http://www.nakedcapitalism.com/2013/07/michael-hudson-shreds-obamas-orwellian-speech-on-middle-class-prosperity.html
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