Corzine: I Can’t Find the Money

ON THE HILL

Updated Apr. 24, 2017 12:53PM ET / Published Dec. 08, 2011 12:15PM ET

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.

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Corzine: I Can’t Find the Money

Slaven Vlasic / Getty Images