Jon Corzine says: ‘I don’t know where the MF Global money went’
Dec 8th, 2011 | By | Category: NewsFormer MF Global boss apologises at congressional hearing but dodges questions about what went wrong Fallen financier and former New Jersey governor Jon Corzine said he was “stunned” by the collapse of his firm MF Global but told a congressional panel that he had no idea where the missing $1.2bn (£780m) had gone. Corzine faced hostile questioning after being subpoenaed to testify before the House of Representatives’ agriculture committee on the bankruptcy of the financial firm and the missing money – some of which is owed to farmers who used the company to hedge crop investments. The former Goldman Sachs chief and one-time confidant of President Barack Obama was the first former senator to be subpoenaed to appear before Congress since 1908
