1. BUSTED

    Corzine Approved MF Global Transfer

    WASHINGTON, DC - DECEMBER 15:  Former chairman and CEO of MF Global and former New Jersey Governor Jon Corzine testifies during a hearing before the Oversight and Investigations Subcommittee of the House Financial Services Committee December 15, 2011 on Capitol Hill in Washington, DC. The hearing was to examine the collapse of MF Global.  (Photo by Alex Wong/Getty Images)

    Alex Wong / Getty Images

    More bad new for Jon Corzine, former governor of New Jersey and chief executive officer of collapsed bank MF Global. According to company treasurer Edith O’Brien, Corzine ordered that $200 million be taken from a client account to cover an overdrawn account with JPMorgan three days before the company collapsed. O’Brien, who is slated to testify next week to the House Financial Services subcommittee on the problems at MF Global, said Corzine gave the order in an email on Oct. 28. Her version of events directly contradicts Corzine’s, who said he never misused client funds.

    Read it at Bloomberg