CFTC Alleges MF Global’s Jon Corzine Used Customer Cash

MF Global Holdings Ltd (OTCMKTS:MFGLQ) CEO Jon Corzine has allegedly used nearly $1 billion customer cash in a vain attempt to keep the company afloat, according to CTFC.

The Commodities Future Trading Commission said it will seek in a civil case to ban Corzine and former Assistant Treasurer Edith O’Brien from the industry, besides imposing penalties on them.

The Federal Regulator filed a civil charge Thursday against former MF Global Holdings Ltd (OTCMKTS:MFGLQ), Chief . . .

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