December 2, 2011
Jon Corzine, the former head of bankrupt commodities brokerage firm MF Global, has been subpoenaed to testify about his role in the collapse before a congressional committee.
Corzine hasn’t been heard from publicly since MF Global imploded in October, the result of bad bets on European sovereign debt, a risky gamble reportedly pushed by Corzine himself.
The House Agriculture Committee, which is looking into the collapse, will question Corzine at a hearing on Dec. 8.
Federal investigators are still trying to locate as much as $1.2 billion in client funds that disappeared as the investment firm collapsed.
This article was posted: Friday, December 2, 2011 at 12:02 pm