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« WATCH: Edith O'Brien Pleads The 5th On Corzine | Main | Meet Jon Corzine's Daughter »

MF UNTOUCHABLE: Corzine Wins Again

How you like me now...

I swear to tell the truth, the whole truth and nothing but the truth.


MF Global Judge Nixes Customer Group's Bid to Depose Corzine


A bankruptcy judge on Tuesday rejected a bid by former MF Global customers to depose the collapsed brokerage's former chief, Jon Corzine.

In a written ruling in U.S. Bankruptcy Court in Manhattan, Judge Martin Glenn said the Commodity Customer Coalition, which had sought permission to question Corzine and other former MF Global insiders, lacked standing because it is not a direct creditor in the case.

The coalition, a grassroots group led by Chicago-based commodities trader James Koutoulas, bills itself as representing the interests of thousands of traders whose accounts at MF Global were frozen when the company went under.  But the coalition itself is merely a "'watchdog' entity with its own independent goals," hoping to depose Corzine "in furtherance of its own interests" rather than those of the MF Global estate, Glenn said in his decision.

Koutoulas, reached by phone on Tuesday, dismissed that reasoning as "the most minute technicality imaginable.  I could have filed 10,000 versions of the motion, one on behalf of each customer we represent," Koutoulas said, adding that the coalition is considering appealing the decision.

Most commodities customers have recovered about 80 percent of the value of their accounts through payouts by James Giddens, the trustee in charge of finding as much of the money as possible and liquidating MF's broker-dealer unit.

The coalition has said Corzine should face criminal charges for his role in the company's fall, though the exact nature of that role has been unclear. Many officials, including the Department of Justice and the FBI, have been investigating the case and have spoken to MF Global executives.

The coalition in November sought permission to depose Corzine, Chief Financial Officer Henri Steenkamp, former Chief Operating Officer Bradley Abelow, General Counsel Laurie Ferber, former Treasurer Edith O'Brien, and Christine Serwinski, former finance chief at MF's North American brokerage.

Continue reading...


Corzine congressional testimony:


Reaction from Bob Knight that Corzine will not go to prison.

PG version:


Adult version.  Profanity warning.

For full effect, click play repeatedly.


More Corzine stories:

NYT UPDATE: 'No Criminal Case Likely Against Jon Corzine'

Biden: "Literally, The First Guy I Called Was Jon Corzine"

Meet Jon Corzine's Daughter

Letter From Satan: Dear Brother Corzine

Gasparino Reports MF Global CFO Told Investigators 'Corzine Should Go To Jail'

Raise Your Hand If You Would Like To Invest In Jon Corzine's New Hedge Fund

Corzine Complains To Judge That MF Global Trustee Actions Are Hurting His Defense, Louis Freeh Nods In Agreement

"Corzine And Blankfein Could Put On Masks And Stick Up Fruit Stands All Over Manhattan, And Get Away With It Because Of The Difficulty In Prosecuting Crimes Like These"

Now We Know Which Senior MF Global Employee Told Investigators That Jon Corzine Had Direct Knowledge Of Customer Funds Being Stolen

Rick Santelli On Jon Corzine And The MF Global Customer Heist: "I Walk Away Thinking, If You’re One Of Those Elites, You’re Above The Law"

Independent Trader Talks About Losing Everything In MF Global Theft: "My Life Savings Are Now Frozen, Thanks To The Snake Jon Corzine"

MUST SEE - Lawyer James Koutoulas Tells Rick Santelli: 'We Plan To Pursue Criminal Charges Against Jon Corzine In All 50 States' (CNBC)


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Reader Comments (16)

What does it take for justice? Perhaps victims should pool together and take out a contract on the SOB. I don't know current rates, but in the late '80's $3000 would buy a fairly professional job. I had a friend who had outstanding gambling markers. To get off the hook, he paid the $45,000 outstanding plus the $3000 for the contract. I imagine today $10,000 would ensure a no-evidence hit. A stiletto in the back in a fine restaurant would be an appropriate message to his fellow crooks.
Jan 10, 2013 at 3:31 PM | Unregistered CommenterElliot Ness
Looks like Alex Jones at Info Wars picked up this story.

Jan 10, 2013 at 4:47 PM | Registered CommenterDailyBail
WTF, I mean, It's Only Money, Right? What's all the fuss?
Look, a Man like John Corzine is too important to the Banking System to ever be prosecuted for any "crimes" he may have committed. Important Men like Mr. Corzine have so many things to do every day, that they may say things that sound like a decision, when it's really just a "comment".....like "nice weather we're having" or "take the money from the customer accounts to cover our short position"....Real Important Men..of Genius, yes, of Genius.....

Hey, wait a minute, I'm sounding like a Dos Equis commercial, some kinda beer anyway....Hey, why don't we go have a beer and talk about this later?

Besides, Mr. Corzine wouldn't make any fuss if you took some of HIS money, after all he ain't a Dope
......or nuthin'
Jan 10, 2013 at 11:11 PM | Unregistered CommenterTwo Tone
what this all about?blankfein,wile,dimon,and on and on aig and every gangster ridden piece of shit zionist jewish cabal never even gets questioned and if they do ,they do what blankfein did .tell congress to fuck off and he got away withit.good luck america and the world .look to th e.u. to see the future u.s.
Jan 11, 2013 at 12:43 PM | Unregistered Commenterr a feibel

Jamie Dimon is Greek Orthodox, Tim Geithner is a Wasp. Henry Paulson is Christian Scientist.
Jan 11, 2013 at 12:58 PM | Registered CommenterDailyBail
For the love of all that is good and decent, where do these people come from? I don't get it. Is it beyond the comprehension of all us plebes that all races and religions are capable of abusing power and privilege. History bears this out and yet here we are blaming the Jews once again. Just spare me.
Jan 11, 2013 at 3:42 PM | Unregistered CommenterSKINFLINT
They should each invest a few dollars or already have and then collectively ask to have the corporate charter revoked/destroyed, but first find the state that issued that Corporate Charter then ask to have it done. When the state sells off the assets it all gets evenly divided up to all the shareholders in addition or close to what they held in stock, the CEOs get nothing.
Jan 11, 2013 at 10:12 PM | Unregistered Commenterj&B Fog
Jan 23, 2013 at 6:11 PM | Unregistered CommenterBUDDAH
OK...so the joos steal from you and you want to kill them. Do we need a third grader to what the problem is here.

THe problem is you are unable to thinking critically about the issue, and to resolve a solution. That is the problem and that has been the problem with americans. They talk shit. It could be all the shit sandwiches they have been fed. I'm unsure and could really care less.

As an individual, we all have the power. The power to choose who we consume from, bank with and how we spend our time. Maybe a lobbyist handbook on how to organize and influence those in power would come in handy.

How can anyone be pissed about Corzine? Do you know who he is? Do you know his background? Can you imagine how many chips he's collected over the years in the "big game".

You pay taxes don't ya? Well....I rest my case. In reality, you only hate them because you are so much like them.
Jan 23, 2013 at 9:38 PM | Unregistered Commenterdogismyth
BUDDAH, Last time I checked the John Rockefeller was Baptist, unless I am reading my history wrong . If not then correct me. I believe the Rockefellers to be Christian or at least to that leaning. Many of the bankers are not Jewish. There are certainly other religious backrounds that are represented. Hank, Timmy, and others are not Jewish. Jamie is not Jewish. So what gives. Are there other guys at the top that are running the show here? There are also a plethora of Christians who run media outlets as well. Pat Robertson is one and there are others. I could go on and on. Mao was not Jewish, neither was Ghengis Khan. The Sultan of Brunei is not Jewish and he has his own gold coin with his likeness stamped into it. I don't think Tesla was Jewish, though Einstein was. Bush was not Jewish and he ran the CIA. Warren Buffet is not Jewish,but I think Barbra Streisand is. Barbra Mikulski is not Jewish, she is a Pollock. Groucho Marx I think was Jewish, but Jay Leno is not. Chuck Schumer is Jewish, Charlie Rangel is not. Ted Kennedy is still dead but he was Catholic supposedly. Is there more? Should we go on. Rockefellers, who are not Jewish own NBC. Disney who I believe was Jewish owns ABC, but is now run by someone else because Disney is dead with his head wrapped in tin foil and freeze dried somewhere. NPR is a public funded enterprise. Is Murdoch Jewish? No he is not. So what the fuck BUDDAH and dogismyth?
Jan 23, 2013 at 10:31 PM | Unregistered CommenterSKINFLINT
I believe the MF affair is the biggest reason that the precious metal market is doing so poorly. People will not invest in a market which their accounts can be stolen by the people who holds their accounts even if they have their money in cash accounts. This is not only the negatives in the precious metals. The comex has allowed unlimited shorting of precious metals. They allow shorting in such a method that remove any meaning to a "limited" material. This means a large bank bank baked by too big to fail can short so much that they can push the price down. This disgusting action is done to support the value to the dollar. So much to the claim that we have a free market system. We have the same communist directed market as the Soviet Union.
As badly as so many free about the abuse by Corzine they have to appreciate that they do not live in New Jersey who suffered from the poor management by Corzine when he purchased the office of governor.
Jan 24, 2013 at 9:43 AM | Unregistered CommenterTom Dee
WEELLLL just poke my face repeatedly with a broken glass bottle and tell I'm not bleeding. http://www.nakedcapitalism.com/2013/04/mirabile-dictu-someone-bankruptcy-trustee-freeh-finally-sues-jon-corzine-over-mf-global.html
Apr 24, 2013 at 10:29 AM | Unregistered CommenterSKINFLINT

Thanks for the link. Actually, we knew this lawsuit was coming. Freeh said in interviews a few months ago the laswsuit would be filed in April.
Apr 24, 2013 at 1:01 PM | Registered CommenterDailyBail
So Corzine wraps this whole thing up with a plea to work with some sort of foundation, get back to family matters and takes $5mill from his own lint filled pockets to pay off a fine related to his business. O'Brien walks out with a half mill fine and promises not to do silly shit again.
Jan 5, 2017 at 10:37 PM | Unregistered Commenterskinflint
PriceWatersCoopers settles law suit and claims no kind of crazy shenanigans to boot. It's good to be liquid when you gotta and have the marbles to pay this kind of fine and walk away with intact integrity.
Mar 25, 2017 at 10:05 PM | Unregistered Commenterskinflint

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