Relevant:
- MF Global's Corzine Ordered Funds Transferred, Memo Says
- E-Mail to Corzine Said Transfer Was Not Customer Money
- MF Global: The Big Fix Was In; How Corzine Threw a Mid-Level Operations Assistant Under the Bus
- Corzine Sued by Montana Farmers Over MF Global Futures Account Money
- MF UNTOUCHABLE: Corzine Wins Again
2012-03-23 — blogspot.com
Jon S. Corzine, MF Global Holding Ltd. (MFGLQ)'s chief executive officer, gave "direct instructions" to transfer $200 million from a customer fund account to meet an overdraft in one of the brokerage's JPMorgan Chase & Co. (JPM) accounts in London, according to an e-mail sent by a firm executive.
Edith O'Brien, a treasurer for the firm, said in an e-mail sent the afternoon of Oct. 28, three days before the company collapsed, that the transfer of the funds was "Per JC's direct instructions," according to a copy of a memo drafted by congressional investigators and obtained by Bloomberg News.
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