That's what the CFTC is saying to Jon Corzine with regard to the failure of MF Global, the firm he headed which became the largest Wall Street bankruptcy since the 2008 financial crisis. Interestingly, they are saying this to him in a civil - not a criminal - suit. The fundamental charge is that Corzine failed to prevent a lower-level employee from transferring customer money to banks and clearinghouses.
Corzine, the former head of Goldman Sachs, governor and senator, has been pursued for the past five years, but he has managed to elude his pursuers. Will he succeed in evading what is probably his final pursuer?
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