Witness: Corzine Knew

    Jon Corzine, former CEO of MF Global, testifies before the House Agriculture Committee about the company's bankruptcy on Capitol Hill in Washington on December 8, 2011.       AFP PHOTO / Saul LOEB (Photo credit should read SAUL LOEB/AFP/Getty Images)

    Saul Loeb, AFP / Getty Images

    It’s fourth-hand information, but it’s the closest investigators have come to proving former MF Global CEO Jon Corzine knows where $1.2 billion in customer funds went missing: Sean Duffy, the executive chairman of CME Group, said Thursday that one of his auditors took part in a phone call in which an MF Global employee indicated Corzine knew about loans being made from “customer segregated accounts.” Duffy said the loan was worth $175 million and made to a European affiliate in the days before MF Global’s collapse. Corzine also testified before the Senate Agriculture Committee Tuesday, saying, "I simply do not know where the money is.”

    Read it at Reuters