Jon Corzine helped MF Global move billions of client funds offshore. Clients have not received their money back, and there have been no prosecutions for the theft of funds.
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. ...
Mr. Corzine, in a bid to rebuild his image and engage his passion for trading,
is weighing whether to start a hedge fund, according to people with knowledge of
his plans. ...
Jon Corzine pushed MF Global into risky bets on European debt, which led to MF Global failing. In a last-minute effort to keep MF Global solvent, client funds were pledged and those clients funds were lost. If a regular person stole client funds, they would go to prison. Jon Corzine, being a well-connected political elite, apparently will not even be charged with a crime.
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