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PowerShares QQQ Trust, Ser 1 Message Board

  • singhlion2001 singhlion2001 Apr 8, 2013 9:00 PM Flag

    CRIMIANLS OBAM/ERIC HOLDER/BIDEN/CORZINE SCAM GANG IN WHITE HOUSE:MF UNTOUCHABLE: Corzine Blasted In MF Global Autopsy

    MF UNTOUCHABLE: Corzine Blasted In MF Global Autopsy
    This makes it 3 for 3 in official autopsies that blame Jon Corzine for the collapse of MF Global. However, former FBI Director Louis Freeh's 176 page report released Friday does not use the word "criminal" even once.

    [Note: The 2 MFs in the headline are not the same.]



    Scroll down for photos.

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    Corzine Slammed in Freeh Report on MF Global collapse

    Reuters

    The report by former FBI director Louis Freeh said the failure of MF Global's officers contributed to losses of as much as $2.1 billion and adds to the growing number of reports and investigations pointing to their liability. While the report was sharply critical of Corzine's conduct, it did not focus on one of the biggest mysteries of the MF Global collapse: the misappropriation of funds from customer trading accounts.

    Freehe singled out the "failures" of Corzine, former chief operating officer Bradley Abelow and former chief financial officer Henri Steenkamp. The three "contributed to the losses" which the trustee estimates to be between $1.5 billion and $2.1 billion."

    "Negligence isn't strong enough to describe the conduct of Corzine and the other officers," said Merrill G. Davidoff, an attorney with Berger & Montague. "I think he is understating the scope of the problem."

    Freeh's report does not use the word "criminal."



    MF Untouchable lounging on the beach...

    Sentiment: Strong Sell

 
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