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There you go. Your segregated money is no longer yours. Just after the ruling in the Sentinel case we now learn that Corzine, at least criminally, skates. Misappropriate $1.x BILLION, and you walk, shoplift a 7-11 and look out. Interestingly, the one person who has all the answers, Edith (i fergethername) has lawyered up with high priced talent that used to work wiht -- wait for it -- Eric Holder! Never deposed, never granted immunity to be deposed, it all dies with her now. Can you just smell it?
http://dealbook.nytimes.com/2012/08/...-at-mf-global/
No Criminal Case Is Likely in Loss at MF Global
By AZAM AHMED and BEN PROTESS
A criminal investigation into the collapse of the brokerage firm MF Global and the disappearance of about $1 billion in customer money is now heading into its final stage without charges expected against any top executives.
After 10 months of stitching together evidence on the firm’s demise, criminal investigators are concluding that chaos and porous risk controls at the firm, rather than fraud, allowed the money to disappear, according to people involved in the case.
The hurdles to building a criminal case were always high with MF Global, which filed for bankruptcy in October after a huge bet on European debt unnerved the market. But a lack of charges in the largest Wall Street blowup since 2008 is likely to fuel frustration with the government’s struggle to charge financial executives. Just a few individuals — none of them top Wall Street players — have been prosecuted for the risky acts that led to recent failures and billions of dollars in losses.
In the most telling indication yet that the MF Global investigation is winding down, federal authorities are seeking to interview the former chief of the firm, Jon S. Corzine, next month, according to the people involved in the case. Authorities hope that Mr. Corzine, who is expected to accept the invitation, will shed light on the actions of other employees at MF Global.
*snip*
Comment: NOW they want to talk to the bundler-in-chief (or is it bungler, or burglar?) after TEN months? WTF?!
http://dealbook.nytimes.com/2012/08/...-at-mf-global/
No Criminal Case Is Likely in Loss at MF Global
By AZAM AHMED and BEN PROTESS
A criminal investigation into the collapse of the brokerage firm MF Global and the disappearance of about $1 billion in customer money is now heading into its final stage without charges expected against any top executives.
After 10 months of stitching together evidence on the firm’s demise, criminal investigators are concluding that chaos and porous risk controls at the firm, rather than fraud, allowed the money to disappear, according to people involved in the case.
The hurdles to building a criminal case were always high with MF Global, which filed for bankruptcy in October after a huge bet on European debt unnerved the market. But a lack of charges in the largest Wall Street blowup since 2008 is likely to fuel frustration with the government’s struggle to charge financial executives. Just a few individuals — none of them top Wall Street players — have been prosecuted for the risky acts that led to recent failures and billions of dollars in losses.
In the most telling indication yet that the MF Global investigation is winding down, federal authorities are seeking to interview the former chief of the firm, Jon S. Corzine, next month, according to the people involved in the case. Authorities hope that Mr. Corzine, who is expected to accept the invitation, will shed light on the actions of other employees at MF Global.
*snip*
Comment: NOW they want to talk to the bundler-in-chief (or is it bungler, or burglar?) after TEN months? WTF?!