Jon Corzine denied any knowledge of what happened to the estimated $1.2 billion in customer funds that went missing in the days before MF Global went bankrupt, telling a congressional panel on Thursday he “was stunned” when he heard about the funds, but “I simply do not know where the money is.”Corzine was subpoenaed by the House Agriculture Committee, and testified about the discovery that money in MF Global’s segregated accounts had gone missing before the firm went bankrupt this year. Corzine, the former governor of New Jersey, resigned in the wake of the firm’s bankruptcy.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=103610