In the absence of any criminal charges filed against him, former NJ Governor Jon Corzine is reportedly planning to start up his own hedge fund; this as authorities close a ten month criminal investigation into the sudden bankruptcy of his firm, MF Global, and $1.2 billion in client funds that still remains “missing.”
Even if he skates prosecution, there should be regulatory or industry rules that would ban financial executives for, at a minimum, grossly negligent misconduct. People go to prison for stealing a few hundred bucks, while Corzine and the other “Too Big To Jail” banksters go right back to work after billions of dollars magically disappear. Your thoughts?
From The New York Times
