Friday, January 6, 2017

Corzine

The former head of Goldman Sachs, Jon Corzine paid a 5 million dollar fine today to avoid going to trial. This was the result of a five year investigation by the government into the activities of Corzine when he was the CEO of MF Global. Corzine was forced out of Goldman Sachs and was worth $400 million at that time. He later became a US Senator and then Governor of New Jersey. He was defeated in his reelection campaign for governor and then went to MF Global. When Global went broke there was one billion dollars of investor’s money that disappeared and the government went after Corzine. To this day no one knows where the money went and the investigation ended when Corzine paid the 5 million dollar fine. Do the math!

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