The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label jon corzine. Show all posts
Showing posts with label jon corzine. Show all posts

Friday, August 24, 2012

States to go after Corzine as Obama administration refuses to prosecute the insider

Recently, the Obama administration and agencies the President runs reported they will not be prosecuting Jon Corzine for the known theft of over $1 billion in customer money at MF Global.  The former Governor of New Jersey, and former head of Goldman Sachs, is a long time insider and campaign contributor to Obama, which easily reveals why the fraud scandal is allowed to get off scott free.



However, the states themselves, and the constituents they represent are not planning on letting Corzine off so easily.  In a recent interview with Rick Santelli on Aug. 21, James Koutoulas said that all 50 states are looking into the legal process to go after Corzine for his actions.

Thursday, May 24, 2012

PBS Frontline: A view of the MF Global Fraud and Jon Corzine's gambling psyche

In the world of politics and finance, the ones who normally make it to the top are those who have psychopathic traits.  Psychopathy is defined by the lack of emotions, and the inability to understand the difference between right and wrong, moral or immoral behaviors.  This is one of the reasons why many CEO's can change lives so easily during times of layoffs without having a second thought, and how politicians can make policy that affects millions of people without feeling remorse when their decisions go wrong.



The psychopath also never apologizes unless their own personal life or lifestyle is at stake, which makes the entire MF Global fraud scandal so much more intriguing as the former CEO Jon Corzine, has never apologized for his actions, nor felt any real remorse for the over $1 billion dollars of customer funds used and lost in the reckless pursuit of high stakes gambling.

The key indicator of a psychopath, according to researcher Jonathan Zap during his time on Coast to Coast AM on Feb 25th, is the need to take massive risks, with both lives and money, to receive even the most miniscule amount of euphoria, since these people lack the ability to feel emotion in day to day living as normal people do.

On May 22nd, PBS Frontline did an hour long expose of the MF Global scandal, and on the history of Jon Corzine as an individual who wielded charisma, risk, and power like one uses a salt shaker to season their meal.


Watch Six Billion Dollar Bet on PBS. See more from FRONTLINE.


Watch Six Billion Dollar Bet on PBS. See more from FRONTLINE.

In the end, Jon Corzine, as during his days with Goldman Sachs, in the Senate and Governorship positions in politics, and finally at MF Global, did everything to benefit himself, and to feed the ever demanding need for risk and excitement, without a thought or care for anyone who was hurt or destroyed through his actions.

Tuesday, December 13, 2011

Jon Corzine lied about knowledge of customer funds according to CME Exec

Now the fun starts as everyone involved in MF Global start throwing each other under the bus.  In a Reuters story today, an Executive from the Chicago Mercantle Exchange (CME) initmated that Jon Corzine lied under oath, and that he indeed had knowledge of where the missing customer money went to.

An auditor with CME Group was told that former MF Global chief Jon Corzine knew about loans backed by customer segregated accounts that were made to a European affiliate of the firm, a CME executive said on Tuesday.
CME Executive Chairman Terrence Duffy said his company has provided this information to the Justice Department and the Commodity Futures Trading Commission.
Duffy, testifying to the Senate Agriculture Committee, said a CME auditor participated in a phone call during which an MF Global employee indicated that Corzine knew of the lending, which was likely made in the last couple of days prior to MF Global's Oct. 31 bankruptcy.
The loan was for roughly $175 million, Duffy said. - Reuters via Zerohedge

Now the question becomes... how long will it take Corzine to start his own bus throwing to save his pathetic bacon?

Corzine to go before Senate for another round of I dont Know

Former MF Global CEO Jon Corzine is appearing before the Senate today for a followup hearing on the loss and theft of customer accounts with the now bankrupt company.

Expect nothing less than a continuation of 'I Don't Know' to be uttered from the lips of the Goldman Sachs and Washington insider as the dog and pony show simply moves up the Hill so Democrats can get ther airtime in.

Thursday, December 8, 2011

Corzine to tell Congress he knows nothing in Congressional hearing today

Former MF Global CEO Jon Corzine has already pulled out the Angelo Mozillo card, and issued a testimonial letter that he knows nothing about the loss of money at MF Global, and especially the losses to individual customer accounts.

Corzine Testimony


As we now logically, the chances of Corzine being completely ignorant to the workings of his own company are between slim and none, but the onus of course is on Congress and the incompetent US regulators to prove otherwise.  Back in 2008, fraudulent CEO's got away with their actions, and chances are likely, Corzine will skate through once again because of his massive leverage with the Obama administration.

And once again, investors who trusted the system will be out $1.2 billion dollars with little or no compensation.

Monday, December 5, 2011

MF Global lawsuit bypasses company and goes straight to Jon Corzine

Since the CFTC, Attorney General, Obama administration, and every regulator refuses to touch Jon Corzine after the MF Global theft and scandal rocked the commodities world, two former employees have bypassed a lawsuit agains the company and went straight for the man himself on failed fudiciary responsibility.

And as of today, two former employees have proceeded to sue Jon Corzine as fins.com reports. "Two former employees of MF Global have filed a class-action lawsuit against the firm's former Chief Executive Jon Corzine, other senior executives and board directors on behalf of themselves and current and former employees who acquired stock in the company while Corzine led the firm. The lawsuit, filed in the United States District Court for the Southern District of New York, alleges that the defendants provided false information regarding the company's financial condition and made statements that artificially inflated the stock price." Jon Corzine and the board breached their fiduciary duty to their employees and destroyed their careers and retirement savings," Jacob Zamansky, lead counsel for the plaintiffs, said in an email. - Zerohedge

The debate between Bernie Madoff and Jon Corzine comes down to who is protected by the powers that be and who isn't.  Bernie had the hammer brought down on him, while Corzine to this point has been touched with kid gloves.  However, for employees who lost everything because of the massive fraud implemented by the former CEO, they could care less about his political connections and appear to want to make him pay in civil court, which is outside the jurisdiction of his friends Biden and Obama.

Friday, December 2, 2011

MF Global CEO and friend to the Obama administration called to testify before Congress

Well, the only question left for the American people besides 'show me the money' in the MF Global theft and scandal is whether Congress will actually hold former CEO Jon Corzine accountable, or if this is just another Mozilla dog and pony show in front of the cameras.

Lest we forget of course, Jon Corzine is as vested an insider as they come, and is extremely tied to the Obama administration as an economic advisor, and campaign fundraiser... so if any charges do come against the corrupt Goldman Sachs CEO, governor of New Jersey, and all around friend to Obama, the pardon card may already be sitting there letting the ink dry.

Monday, November 21, 2011

The MF Global Ponzi Scheme and why they fell while others still operate

Here is another side I am hearing about regarding MF Global.

All of the banks and financial institutions today have offshore hedge funds, or two sets of books. When the regulators come by to do their cyclical assessments, all the toxic assets get moved to the hedge funds, or off the standard books and into a holding company, making them look solvent, or even good.

What happened perhaps with MF Global, is that they were inspected by a regulator and didn't have TIME to move their primarily accounting offshore. Thus, regulators saw the MF Global ACTUAL numbers, and TSHTF.

It also caught them red handed in a ponzi scheme... as they had been using customer money for awhile, and since most investors keep their accounts long-term, they only had to payoff individuals on an occasional basis, which meant they could channel enough money from elsewhere.

Except Corzine had leveraged the company 50-1, and bought billions in Euro trash bonds. Now, here is the REAL conspiracy theory.

No economist or financier with half a brain would be buying these, except that MF Global was a primary dealer. Guess who probably FORCED them to take on these toxic and worthless assets?

The Fed. As a means to covertly bailout the ECB, which is lockstep with the FED and all other central banks anyway.  Corzine is a former head of Goldman Sachs, and pure and simply, is a tool of the central bank.

I don't know which regulator broke protocol and caught MF Global with their pants down... usually the regulators give institutions ENOUGH err... ahem... warning they are coming over, and enough time to fudge the books to offshore, but this is probably why you are not seeing any real investigations or indictments yet.

The Fed is running this show, and Obama, Geithner, and Holder and bought and paid for tooks as well of the kleptocracy.

Tuesday, November 8, 2011

Obama and MF Global: Corzine prosecution improbable as President has fundraiser with insider

With the growing scandal for Job Corzine grows in his work at bankrupt MF Global, the question of whether the Obama Administration would actually seek prosecution against his former campaign contributer seemed unlikely despite the growing evidence.

Now it almost appears improbable.  Especially with the news that after the bankruptcy hit last week, President Obama is holding a fundraising dinner at the behest of the primary lawyer for the MF Global bankruptcy.

Monday night, Obama will attend a private fundraiser hosted by Dwight Bush, president of Urban Trust Bank, and his wife Antoinette, a partner at the international law firm Skadden, Arps, Slate, Meagher, and Flom. Skadden is the firm hired to handle the bankruptcy of MF Global, the large Wall Street firm headed by Jon Corzine, former governor of New Jersey and a strong ally of President Obama.
Tickets for the event are at least $17,900 per person.
 The Center for Responsive Politics calls Skadden “a clearinghouse for donors to the Democratic Party.” - Daily Caller

Hey Occupy Wall Street... it's about time to move over to 1600 Pennsylvania Avenue if you truly want to find the 1%er who is keeping the rich safe and secure from the same justice system that puts you in jail.

Friday, November 4, 2011

The interconnected banking cartel: JP Morgan now claims to have MF Global's accounts

Ahhh... it's good to be part of the 1%.  Even when you allegedly steal from your customers, or commit a financial crime there is always another one of your 'buds' to swoop in and save the day.

Kind of like how Sandy Burger got away with taking classified information from a Federal building and was never prosecuted for it.

News has just come out that JP Morgan is now claiming they are 'holding' the money for the individual account holders that was allegedly used by MF Global and Jon Corzine to make purchases of Euro toxic assets.

Last week we heard of glitches which resulted in Germany finding $55.5 billion in missing "debt" and several billion in Irish debt. It was only a matter of time before MF Global also uncovered a "glitch"
  • MF ACCOUNT WITH $658.8M IN CLIENT FUNDS SAID TO BE AT JPMORGAN
  • MF GLOBAL'S MISSING CLIENT FUNDS SAID TO BE LOCATED AT JPMORGAN
Ignore the fact that MF admitted it had commingled and abused client funds. After all, the big boys take care of their own. And what is $660 million to JPM? Here's what - less than the taxpayer money profit the bank makes on one POMO. - Zerohedge

Now you know why the 1%ers can play by rules the common man has no ability to follow.  Steal $100, go to jail.  Steal $100 million and you receive a severance package.

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?

Tuesday, November 1, 2011

Did Jon Corzine use MF Global as a Goldman Sachs Holding Company?

Commodities broker Ann Barnhardt (yes, the one of the pink assault rifle fame) laid out a scenario on October 31st that intimates that Jon Corzine may have used MF Global as a hedge fund to help profit Goldman Sachs at the expense of their account holders.

4. Speaking of Corzine, more info is coming out in the bankruptcy filings. First, Corzine stands to reap a $12.1 million severance package / golden parachute per the bankruptcy filing. But that isn't the worst. Corzine was hired by MF less than two years ago. He promptly went about loading the company up on European bonds. That in and of itself is damning enough. Remember, Corzine is Goldman Sachs. He knew EXACTLY what was going on in Europe and he knew that European paper was junk. But guess which European countries he loaded up on? Greece, Portugal, Italy and Ireland. The four little PIIGs. Corzine intentionally drove MF into the ground so that someone, and my money is on Goldman Sachs, could come in and buy the remains for 30 cents on the dollar or less. Watch the news. Watch and see who ends up buying the remnants of MF. If it isn't Goldman outright, I'll bet it is a "holding company" that is tied to Goldman. As an astute commenter over at ZeroHedge.com said last night, it looks like Corzine never really stopped working for Goldman. He just moved his office into MF Global's suite. - TFMetalsReport

Corzine's track record for leadership is abysmal.  Not only was a Goldman man from the beginning, but his tenure as Govenor of New Jersey helped bankrupt the state, and now, just two years into being employed by MF Global, the institution is itself bankrupt, and it appears that massive foul play may be involved with hundreds of millions of dollars in customer accounts simply disappearing.

Monday, October 31, 2011

Recipe for bankruptcy: Hire Jon Corzine to run your state or business

MF Global, a worldwide bond clearing house, declared bankruptcy today and it has sent shockwaves through the equity and bond markets.

However the most interesting thing about this failed business is who was running the show... ex New Jersey Governor Jon Corzine, who was ousted from office for incurring massive debts in the state, and nearly bankrupting it as well.

So the moral of the story is... if you want to turn your business or government agency into a bankruptcy candidate, just hire the dumbest man in the room, Jon Corzine, and it will happen in just a few short years.

On a side note... you wonder why CNBC has not really covered this major event?  Because MF Global appears to OWE the media station cash!  The hypocrisy of unbiased journalism, especially in the business realm.

Full bankruptcy filing attached below, where we find that in addition to owing JPM and Deutsche Bank $1.2 billion and $1 billion respectively, as bond trustees, the 7th biggest unsecured creditor with $845,397, is... CNBC? Perhaps that explains the objective reporting the Comcast station has provided on the topic of MF over the past several weeks, considering the caliber and quality of guests invited to opine. - Zerohedge

Oh... and the reward for bankrupting a company?  Try 12.1 million dollars, as this appears to be the golden parachute for Corzine who left as the shite hit the fan.