HQT Studio:Former MF Global chief executive Jon Corzine apologized "to all those affected" by the brokerage's collapse Thursday as he told a congressional committee he doesn't know what happened to $1.2 billion in missing customer funds.
Testifying under subpoena at a House Agriculture Committee hearing, Corzine, a former Democratic U.S. senator and ex-Goldman Sachs chief, portrayed himself as stunned about the massive shortfall that emerged as regulators and federal investigators began probing MF Global's Oct. 31 bankruptcy.
"I simply do not know where the money is, or why the accounts have not been reconciled to date," said Corzine, 64, in his first public comments since his resignation was announced four days after the bankruptcy filing.
Tags: Jon Corzine, Teflon, Wall Street, missing money, MF Global To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
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