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Corzine's Way: Lose a Billion, Start a Fund

From: Alex S.
Sent on: Friday, November 23, 2012 10:46 AM
In the ash heap of MF Global, the disgraced CEO not only might not go to jail,
he just might start his own hedge fund

Earlier this summer, Jon Corzine looked like he was having a bad time in the Hamptons.
Well, if media reports are to be believed, the sun has come out for the former
New Jersey governor and disgraced former head of MF Global.
Last fall, Corzine's firm lost $1.2 billion in customer funds while attempting to cover
a bad bet in the Euro that cost the firms an estimated $6 billion.
Hearings and embarrassing news coverage later,
the Feds look like they will not to be charging Corzine for any wrong-doing.
According to the NYTimes Dealbook, "Mr. Corzine has not yet received assurances
that he is free from scrutiny, but two rounds of interviews with former employees
and a review of thousands of documents have left prosecutors without a case against him,
say the people involved in the investigation who spoke on the condition of anonymity."
Market Technicians Association (MTA) Meetup Group

kindest regards
Alex Spiroglou
Investment Manager - Cross Asset Capital Management
Founding Chairman - MTA London Chapter (
International Advisory Board Member - MTA Educational Foundation (www.MTAEForg)
Founder - Trader Training & Development (
Instructor - BPP Professional Development (
LinkedIn -
Skype - TraderTD

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