More on Goldman Sachs's Guy, Jon Corzine

Below is further information on the case against Jon Corzine; however, shouldn't Corzine be facing criminal charges (under Sarbanes-Oxley) for stealing money from customers' accounts and for signing off on the company's financial reports ?  "Failure" is not the word I would use:  it is stealing and lying about stealing that should be prosecuted.  MF Global didn't "fail;" the executives in charge acted illegally and probably criminally.

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.
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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.

Read the whole article here