Market Overview

Bloomberg TV Reports on News Jon Corzine Gave Direct Orders to Raid Client Account

On Friday afternoon, Bloomberg TV reported on the internal e-mail from a MF Global treasurer which states that Jon Corzine gave "direct instructions" to transfer $200 million from a customer fund account to meet an overdraft in one of the brokerage's JPMorgan Chase & Co. accounts in London.

Bloomberg's Julie Hyman reported on Bloomberg TV's "Street Smart" program that “This appears to be the most direct and damaging evidence uncovered by investigators.”

Bloomberg's Adam Johnson added, “Here is potentially a smoking gun that people have been talking about…but that is very damning potentially to Mr. Corzine.”

The video of the segment can be viewed here, courtesy of Bloomberg Television.

Posted-In: News Legal Media

 

Related Articles

Around the Web, We're Loving...

Get Benzinga's Newsletters