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Corzine Subpoenaed to Appear Before House Panel

Posted By aaron On December 2, 2011 @ 12:02 pm In Economic Crisis,Tile | Comments Disabled

Dunstan Prial
Fox Business
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.

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