Corzine: I Can’t Find the Money

    NEW YORK, NY - DECEMBER 09:  Former New Jersey Governor Jon Corzine attends the Child Mind Institute Inaugural Benefit at Cipriani 42nd Street on December 9, 2010 in New York City.  (Photo by Slaven Vlasic/Getty Images) *** Local Caption *** Jon Corzine

    Slaven Vlasic / Getty Images

    Former MF Global chief Jon Corzine is as puzzled as his customers about their missing money. "I simply do not know where the money is, or why the accounts have not been reconciled to date,” he told a House committee. Hundreds of millions of dollars in customer money is reportedly missing after MF Global went bankrupt following revelations that it was heavily invested in European sovereign debt. In separate testimony, an executive at futures exchange operator CME Group Inc. said MF Global moved the missing money into its own accounts, the strongest accusation yet against the company.

    Read it at Reuters