Friday, November 4, 2011

Jon Corzine resigns from MF Global: Does not pass go does not collect $12 million dollars

As the MF Global fraud and theft scandal continues to grow, the MF Global board of directors asked for, and received Jon Corzines resignation, to be made without a golden parachute and the earlier reported $12 Million dollar severance.

"The Board of Directors of MF Global Holdings Ltd. announced the resignation of Jon S. Corzine from all posts at MF Global. Mr. Corzine has confirmed that he will not seek severance payments in connection with his resignation. Edward L. Goldberg, the lead director of the Board of Directors, and Bradley I. Abelow, the Company¹s President and Chief Operating Officer, will continue in their current positions." - Zerohedge

Now the real question remains... will Obama's campaign contributor buddy ever be held criminally liable and face indictments for stealing accountholders money and using it to bets on toxic Euro bonds?


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