Jon Corzine

Former MF Global CEO Jon Corzine's incompetence, and potential criminal conduct, has hurt a lot of people. The futures brokerage declared bankruptcy on October 31, and it has subsequently been disclosed that around $633 million in client funds are missing. Shockingly, Bart Chilton, a commissioner...

FOX Business Network (FBN) Senior Correspondent Charlie Gasparino reports “MF Global's compliance systems were not fully upgraded under Corzine.” Sources tell Gasparino “there wasn't a completed compliance regime in place to take into account the new proprietary trading business model.” Excerpts...

The fall of Jon Corzine, once a "Master of the Universe" as co-Chairman of Goldman Sachs (NYSE: GS), has been swift and particularly unceremonious. Mr. Corzine, who spent ten years in politics as a senator and governor of New Jersey after leaving GS with around $400 million, took the top job at...

Well, you can't win them all. That's the motto Jon Corzine will have to cling to this year, as he walked away from the disaster at MF Global (NYSE: MF) today. Corzine resigned his post as CEO of the embattled company just days after the group filed for one of the biggest bankruptcies in the...

Former NYSE Chairman Dick Grasso spoke to FOX Business Network's (FBN) Neil Cavuto about the investigation into MF Global and CEO Jon Corzine on allegations of misusing customer funds. Grasso said that he knows Corzine as “an honorable man and a dedicated public servant, and man who I can't...

FOX Business Network (FBN) Senior Correspondent Charlie Gasparino reports that the government investigation into allegations that MF Global was “comingling the client cash with the risk taking activity is taking a backseat to this broader issue of whether Corzine and his troops were misleading the...

Something very sketchy took place at futures brokerage MF Global (NYSE: MF) in the weeks and months leading up to the firm's bankruptcy filing. Now $700 million in client money is missing. Bloomberg is reporting that the CME Group (NASDAQ: CME) is confirming that MF Global violated requirements to...

My motto is, if you're going to fail, you may as well fail spectacularly. It appears that former New Jersey Senator and Governor Jon Corzine lives by the same motto. Corzine, who for now is the CEO of MF Global (NYSE: MF), has to be living out a Halloween nightmare today, as his company filed for...

MF Global (NYSE: MF) filed for Chapter 11 bankruptcy protection on Monday morning after a potential acquisition by Interactive Brokers (NASDAQ: IBKR) fell through at around 5 a.m. EST. The embattled futures brokerage was sunk by proprietary positions in European sovereign debt. The firm posted a...

MF Global (NYSE: MF) has officially filed for bankruptcy, but the commodity brokerage and primary dealer has not only lost customers - it may lose any shred of credibility for its CEO, Jon Corzine. This morning, the New York Federal Reserve suspended MF's role as a primary dealer, and traders were...

Court records show that the company has now filed for bankruptcy. That's according to a brief Reuters report, which cited a person familiar with the matter. This comes after reports early this morning that the firm was on the verge of filing for bankruptcy. The company has been struggling for...

Think Goldman Sachs is having a bad year? Its former CEO isn't doing too well either. Jon Corzine was once in charge of the always in peril Goldman Sachs (NYSE: GS). Corzine's new company, MF Global (NYSE: MF), may not be fighting the same battles as his former employer, but that doesn't mean that...

MF Global (NYSE: MF), the embattled commodities and derivatives broker led by former Goldman Sachs (NYSE: GS) and U.S. Senator Jon Corzine, is in talks regarding a potential deal with Interactive Brokers (Nasdaq: IBKR), DealBook reported, citing sources with knowledge of the matter. MF Global,...

FOX Business Network Senior Correspondent Charlie Gasparino reports that “clients are fleeing” MF Global and CEO John Corzine is “running around in a mad dash to sell assets in the firm.” Sources tell Gasparino that “MF Global, at least in its current form, will not survive the weekend.” Excerpts...

Shares of embattled futures brokerage MF Global (NYSE: MF) have rallied well off of their lows of the session on Friday on speculation that the firm may be taken over. The Wall Street Journal reported that Goldman Sachs (NYSE: GS) State Street (NYSE: STT) and Australian bank Macquarie are all...