Defense of MF Global's Corzine is irrelevant, CFTC says

06/30/2013 | Bloomberg

The Commodity Futures Trading Commission says former MF Global Holdings CEO Jon Corzine "bears responsibility for MF Global's unlawful acts." Corzine's argument that he never ordered misuse of funds to maintain MF Global's viability doesn't matter, according to the CFTC, because he knew the firm had a cash shortfall and did not inquire about the origin of money transfers he ordered.

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