U.S. Civil Charges Against Corzine Are Seen as Near

Our former Governor's fall from grace is nearly complete with the announcement that Federal regulators are, "...poised to sue Jon S. Corzine over the collapse of MF Global and the brokerage firm’s misuse of customer money during its final days, a blowup that rattled Wall Street and cast a spotlight on Mr. Corzine, the former New Jersey governor who ran the firm until its bankruptcy in 2011...". It's too bad, Corzine was/is a decent man who unfortunately made a couple of bad decisions while trying to restore his reputation a financial wizard. He hedged his bets (along with those of his investors) and lost.

It's ironic how a financier, turned politician, turned financier again, Corzine has become the poster boy for Wall Street accesses that lead to its collapse and the great recession of 2008, while others Wall Street execs and brokerage firms have gotten off scot free for ruining the world economy, it's the former politician that will be held accountable:  

Without directly linking Mr. Corzine to the disappearance of more than $1 billion in customer money, the trading commission will probably blame the chief executive for failing to prevent the breach at a lower rung of the firm, the law enforcement officials said. If found liable, he could face millions of dollars in fines and possibly a ban from trading commodities, jeopardizing his future on Wall Street.

In a statement, a spokesman for Mr. Corzine denounced the trading commission for planning to file what he called an “unprecedented and meritless civil enforcement action.”

You can read all about it this morning at the New York Times