Bankrupt finance firm MF Global’s CEO, former U.S. Senator and New Jersey Governor Jon Corzine, has tendered his resignation. This follows the firm’s announcement of insolvency, and subsequent revelations of large sums missing of account holders’ money. Corzine hoped to transform MF Global from a small but ancient trading firm into a major powerhouse like […]
Read MoreThe bankruptcy of MF Global is revealing some interesting stories surrounding the collapse, namely, that the firm is guilty of using its clients’ money to finance its own trades, a big no-no according to the SEC. MF Global, the securities firm under the direction of former New Jersey Governor and Goldman Sachs executive Jon Corzine, […]
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