MF Global Holdings Ltd (OTCMKTS:MFGLQ) CEO Jon Corzine has allegedly used nearly $1 billion customer cash in a vain attempt to keep the company afloat, according to CTFC.
The Commodities Future Trading Commission said it will seek in a civil case to ban Corzine and former Assistant Treasurer Edith O’Brien from the industry, besides imposing penalties on them.
The Federal Regulator filed a civil charge Thursday against former MF Global Holdings Ltd (OTCMKTS:MFGLQ), Chief Executive Jon Corzine, indicating he should bear responsibility for the demise of the commodities brokerage in 2011.
CFTC’s...
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