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 Executive Jon Corzine, indicating he should bear responsibility for the demise of the commodities brokerage in 2011. CFTC’s Charge Against MF Global CEO The CFTC’s civil…