Well, if he were found criminally responsible for fraud, stealing customers' account and lying under oath, it would necessarily mean that there are a number of other CEOs, including Lloyd Blankfein and Jamie Dimon and a host of other CEOs, who have also committed criminal fraud. We can't have that now, can we? If nothing else is achieved, the Department of Justice and the FBI are at least consistent in being blind to fraud committed right under their noses.
Oh, sad day for Justice who is shown as not only blind, but also deaf and dumb. People of the World--this is what corruption looks like; this is what a kleptocracy does; this is how an oligarchy works.
Corzine off the crook[sic]Read the entire article here
By Kaja Whitehouse - New York Post
Federal investigators have found no evidence that the disgraced Wall Street titan broke the law.
“After 18 months of investigation, the criminal probe into Jon Corzine is now being dropped,” a person with knowledge of the probe told The Post.
“There is no evidence of criminal wrongdoing,” this person said.
The Justice Department’s decision to drop the case is sure to come as a relief to Corzine, who has been widely blamed for MFG’s bankruptcy — as well as the misuse of some $1.6 billion in customers’ funds.
Who Decided There Are No Crimes in MF Global Collapse?
By masaccio - firedoglake
The New York Post reports that there will be no criminal charges against Jon Corzine over the billion dollars of customer money used to keep MF Global afloat for a few extra days. The Post quotes “federal investigators” as saying there is no evidence of lawbreaking. Some of the evidence is detailed in the complaint filed by the CFTC recently, which you can read here.
The complaint says what happened to the money. It says that Edith O’Brien took the money out of customer accounts, knowing that this was unlawful. ¶ 62(d) For months, these federal investigators were saying that the big problem was foul-ups and mistakes in a mad rush in the back office. That is now inoperative.
The Complaint explains that Corzine knew that the firm was “undersegregated”, meaning it was using for its own business money belonging to customers that the law requires to be segregated. The Complaint says that on Thursday, October 27, 2011 Corzine and O’Brien received documents showing that the firm was undersegregated. ¶ 63(f)
Read the whole article here