Corzine Skates On Criminal Charges

Jon_Corzine

Former Democrat Senator, New Jersey Governor, and top Obama fundraiser Jon Corzine will not be charged with any crime connected to the collapse of MF Global and the loss of billions of dollars of its customers’ funds. Oh, and when I say “loss” I mean that they somehow managed to “lose” those funds, as in, they don’t really know what happened to them. Wink, wink.

The New York Post has the story:

Federal investigators have found no evidence that the disgraced Wall Street titan broke the law.

“After 18 months of investigation, the criminal probe into Jon Corzine is now being dropped,” a person with knowledge of the probe told The Post.

“There is no evidence of criminal wrongdoing,” this person said.

The Justice Department’s decision to drop the case is sure to come as a relief to Corzine, who has been widely blamed for MFG’s bankruptcy — as well as the misuse of some $1.6 billion in customers’ funds.

Last week, Corzine was hit with civil charges by the Commodities Futures Trading Commission in connection with the illegal tapping of the funds, which were improperly co-mingled with the MFG’s house money in the firm’s final days.

The regulator also charged Edith O’Brien, MFG’s former assistant treasurer, for carrying out the illegal transfers in a desperate bid to keep the troubled company afloat.

Both Corzine and O’Brien have denied the allegations. (Read More)

Could Corzine’s coziness with DOJ officials have anything to do with the decision not to file criminal charges?

Oh, and this is the same Jon Corzine that Biden praised as some sort of economic genius.