Red James Cash
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- Aug 20, 2009
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US Will Not Prosecute Corzine’s $1 Billion+ Theft Of Client Funds
(HigginsBlog) – As the US is hell bent on hanging the ‘traitor’ Assange authorities have announce they will not prosecute MF Global for stealing $1 billion in client funds.
If you haven’t heard the news MF Global and Jon Corzine will not be prosecuted for stealing over $1 billion in client funds:
Lehman? Meh.
The Squid? *pfft*
AIG? Fuggetaboutit.
This MF Global thing is noise level by comparison.
Via: Atlantic Wire:
Authorities are winding down their criminal investigation of the failed brokarage firm, MF Global, and despite the lack of oversight and the loss of more than $1 billion in customer funds, it now seems unlikely that anyone at the firm will face criminal charges.
Source: Cryptogon
Of course, those who keep up on the news aren’t suprised by this because not only do we not prosecute Wall Street crooks our courts just made it legal for banks to steal customer deposits at will to pay off their debt:
Which brings us to the question of Assange Vs Corzine:
A criminal investigation into the collapse of the brokerage firm MF Global and the disappearance of about $1 billion in customer money is now heading into its final stage without charges expected against any top executives. After 10 months of stitching together evidence on the firm’s demise, criminal investigators are concluding that chaos and porous risk controls at the firm, rather than fraud, allowed the money to disappear, according to people involved in the case.
Corzine is considering opening a new hedge fund, though the notion that anyone — even a slack-jawed muppet happy to buy whatever Goldman ‘s prop traders want to sell — would seed Corzine money so he can trade or steal it away seems absurd — rather like putting a child molester in charge of a day-care.
But nobody knows how much dirt Corzine has on other Wall Street crooks. Not only may Corzine get away with corzining MF Global’s clients’ funds, he may well end up with a whole raft of seed money to play with from those former colleagues and associates who might prefer he remain silent regarding other indiscretions he may be aware of.
But the issue at hand is the sense that we have entered a phase of exponential criminality and corruption. A slavering crook like Corzine who stole $200 million of clients’ funds can walk free. Meanwhile, a man who exposed evidence of serious war crimes is for that act so keenly wanted by US authorities that Britain has threatened to throw hundreds of years of diplomatic protocol and treaties into the trash and raid the embassy of another sovereign state to deliver him to a power that seems intent not only to criminalise him, but perhaps even to summarily execute him.
As Infowars reported last year, funds in accounts owned by billionaires like the Koch Brothers were “coincidentally” withdrawn just in time prior to the withdrawal, while customers with smaller accounts who relied on their money for business collateral and living expenses were wiped out. Evidence surfaced suggested the company knew bankruptcy was imminent, so bigger clients were given advance notice ahead of the unexplained withdrawal. After the funds were withdrawn, MF Global didn’t inform the Commodity Futures Trading Commission until the day after, seemingly in an attempt to avoid detection. The majority of the funds were later found at JP Morgan Chase.
At the time, Corzine testified to Congress he “simply did not know where the money is” and that he did not instruct anyone to transfer any customer funds. Corzine’s denial came regardless of an email from an MF Global assistant treasurer noting the transfer was “per JC’s direct instructions.”
Even with the vast preponderance of evidence of Corzine’s direct involvement in the theft, the mainstream media remained mostly mum, running defense for CEO Corzine. Both The New York Times and TIME Magazine claimed the email was “not a smoking gun” and reiterated that Corzine said had no idea the money was taken from customer accounts. Corzine was, after all, a former Goldman Sachs boss, U.S. Senator, chairman of the Democratic Senatorial Campaign Committee and governor of New Jersey who worked to help get Obama elected to both the Senate and the presidency. He was as close to a Washington insider as someone can get without actually being in Washington.
A year later, the House Financial Services Oversight and Investigations subcommittee is now placing the majority of the MF global looting blame squarely on Corzine’s shoulders.
Just as Celente and Infowars reported a year ago, the panel’s report cites Corzine’s risky strategies as the prime reason for the brokerage firm’s fall. To this day, only 80 percent of the customer funds have been returned.
Source: Infowars
(HigginsBlog) – As the US is hell bent on hanging the ‘traitor’ Assange authorities have announce they will not prosecute MF Global for stealing $1 billion in client funds.
If you haven’t heard the news MF Global and Jon Corzine will not be prosecuted for stealing over $1 billion in client funds:
Lehman? Meh.
The Squid? *pfft*
AIG? Fuggetaboutit.
This MF Global thing is noise level by comparison.
Via: Atlantic Wire:
Authorities are winding down their criminal investigation of the failed brokarage firm, MF Global, and despite the lack of oversight and the loss of more than $1 billion in customer funds, it now seems unlikely that anyone at the firm will face criminal charges.
Source: Cryptogon
Of course, those who keep up on the news aren’t suprised by this because not only do we not prosecute Wall Street crooks our courts just made it legal for banks to steal customer deposits at will to pay off their debt:
Which brings us to the question of Assange Vs Corzine:
A criminal investigation into the collapse of the brokerage firm MF Global and the disappearance of about $1 billion in customer money is now heading into its final stage without charges expected against any top executives. After 10 months of stitching together evidence on the firm’s demise, criminal investigators are concluding that chaos and porous risk controls at the firm, rather than fraud, allowed the money to disappear, according to people involved in the case.
Corzine is considering opening a new hedge fund, though the notion that anyone — even a slack-jawed muppet happy to buy whatever Goldman ‘s prop traders want to sell — would seed Corzine money so he can trade or steal it away seems absurd — rather like putting a child molester in charge of a day-care.
But nobody knows how much dirt Corzine has on other Wall Street crooks. Not only may Corzine get away with corzining MF Global’s clients’ funds, he may well end up with a whole raft of seed money to play with from those former colleagues and associates who might prefer he remain silent regarding other indiscretions he may be aware of.
But the issue at hand is the sense that we have entered a phase of exponential criminality and corruption. A slavering crook like Corzine who stole $200 million of clients’ funds can walk free. Meanwhile, a man who exposed evidence of serious war crimes is for that act so keenly wanted by US authorities that Britain has threatened to throw hundreds of years of diplomatic protocol and treaties into the trash and raid the embassy of another sovereign state to deliver him to a power that seems intent not only to criminalise him, but perhaps even to summarily execute him.
As Infowars reported last year, funds in accounts owned by billionaires like the Koch Brothers were “coincidentally” withdrawn just in time prior to the withdrawal, while customers with smaller accounts who relied on their money for business collateral and living expenses were wiped out. Evidence surfaced suggested the company knew bankruptcy was imminent, so bigger clients were given advance notice ahead of the unexplained withdrawal. After the funds were withdrawn, MF Global didn’t inform the Commodity Futures Trading Commission until the day after, seemingly in an attempt to avoid detection. The majority of the funds were later found at JP Morgan Chase.
At the time, Corzine testified to Congress he “simply did not know where the money is” and that he did not instruct anyone to transfer any customer funds. Corzine’s denial came regardless of an email from an MF Global assistant treasurer noting the transfer was “per JC’s direct instructions.”
Even with the vast preponderance of evidence of Corzine’s direct involvement in the theft, the mainstream media remained mostly mum, running defense for CEO Corzine. Both The New York Times and TIME Magazine claimed the email was “not a smoking gun” and reiterated that Corzine said had no idea the money was taken from customer accounts. Corzine was, after all, a former Goldman Sachs boss, U.S. Senator, chairman of the Democratic Senatorial Campaign Committee and governor of New Jersey who worked to help get Obama elected to both the Senate and the presidency. He was as close to a Washington insider as someone can get without actually being in Washington.
A year later, the House Financial Services Oversight and Investigations subcommittee is now placing the majority of the MF global looting blame squarely on Corzine’s shoulders.
Just as Celente and Infowars reported a year ago, the panel’s report cites Corzine’s risky strategies as the prime reason for the brokerage firm’s fall. To this day, only 80 percent of the customer funds have been returned.
Source: Infowars
