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Corzine in $5 million settlement with US CFTC over MF Global collapse

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Corzine in $5 million settlement with US CFTC over MF Global collapse

Corzine in $5 million settlement with US CFTC over MF Global collapse*/

– File Photo: Former MF Global CEO Jon Corzine testifies before a House Financial Services Committee Oversight and Investigations Subcommittee hearing on the collapse of MF Global, at the U.S. Capitol in Washington, December 15, 2011.REUTERS/Jonathan ErnstFILE PHOTO – Former MF Global Chief Jon Corzine testifies before a House Financial Services Committee Oversight and Investigations Subcommittee hearing on the collapse of MF Global, at the U.S. Capitol in Washington, DC, U.S. on December 15, 2011.REUTERS/Jonathan Ernst/File PhotoNEW YORK Jon Corzine, former New Jersey governor and Goldman Sachs (GS.N) co-chairman, will pay a $5 million civil fine to settle a U.S. regulator’s lawsuit over the 2011 collapse of his commodity brokerage, MF Global Holdings Ltd.Thursday’s accord with the U.S. Commodity Futures Trading Commission resolves the last piece of litigation against Corzine over MF Global’s rapid descent into bankruptcy on Oct. 31, 2011, as an estimated $1.6 billion of customer money went missing.
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Corzine in $5 million settlement with US CFTC over MF Global collapse

Corzine in $5 million settlement with US CFTC over MF Global collapse*/

– File Photo: Former MF Global CEO Jon Corzine testifies before a House Financial Services Committee Oversight and Investigations Subcommittee hearing on the collapse of MF Global, at the U.S. Capitol in Washington, December 15, 2011.REUTERS/Jonathan ErnstFILE PHOTO – Former MF Global Chief Jon Corzine testifies before a House Financial Services Committee Oversight and Investigations Subcommittee hearing on the collapse of MF Global, at the U.S. Capitol in Washington, DC, U.S. on December 15, 2011.REUTERS/Jonathan Ernst/File PhotoNEW YORK Jon Corzine, former New Jersey governor and Goldman Sachs (GS.N) co-chairman, will pay a $5 million civil fine to settle a U.S. regulator’s lawsuit over the 2011 collapse of his commodity brokerage, MF Global Holdings Ltd.Thursday’s accord with the U.S. Commodity Futures Trading Commission resolves the last piece of litigation against Corzine over MF Global’s rapid descent into bankruptcy on Oct. 31, 2011, as an estimated $1.6 billion of customer money went missing.
.

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Corzine in $5 million settlement with US CFTC over MF Global collapse

Corzine in $5 million settlement with US CFTC over MF Global collapse*/

– File Photo: Former MF Global CEO Jon Corzine testifies before a House Financial Services Committee Oversight and Investigations Subcommittee hearing on the collapse of MF Global, at the U.S. Capitol in Washington, December 15, 2011.REUTERS/Jonathan ErnstFILE PHOTO – Former MF Global Chief Jon Corzine testifies before a House Financial Services Committee Oversight and Investigations Subcommittee hearing on the collapse of MF Global, at the U.S. Capitol in Washington, DC, U.S. on December 15, 2011.REUTERS/Jonathan Ernst/File PhotoNEW YORK Jon Corzine, former New Jersey governor and Goldman Sachs (GS.N) co-chairman, will pay a $5 million civil fine to settle a U.S. regulator’s lawsuit over the 2011 collapse of his commodity brokerage, MF Global Holdings Ltd.Thursday’s accord with the U.S. Commodity Futures Trading Commission resolves the last piece of litigation against Corzine over MF Global’s rapid descent into bankruptcy on Oct. 31, 2011, as an estimated $1.6 billion of customer money went missing.
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