Witnesses close to MF Global’s collapse are offering details about customer money that vanished days before the firm failed. Their testimony could challenge previous statements by former CEO Jon Corzine.
Jon Corzine disputed an allegation that he knew more about customer money that vanished from MF Global than he previously testified.
Two executives at MF Global are seeking to distance themselves from an estimated $1.2 billion in customer funds that has gone missing, according to their prepared testimony for a Senate hearing.
A congressional panel has voted to subpoena former Sen. Jon Corzine to compel him to testify at a hearing next week about his role leading the investment firm MF Global, which collapsed after a disastrous bet on European debt.