January 5, 2017

Jon S. Corzine was ordered to pay a $5 million penalty for his role in MF Global, Inc.’s unlawful use of customer funds through a consent order entered by Judge Victor Marrero of the United States District Court for the Southern District of New York. Corzine was charged with overseeing the misuse of nearly $1 billion in customer funds. Additionally, Edith O’Brien, the former assistant treasurer of MF global was ordered to pay a $500,000 civil monetary penalty for aiding and abetting the violations by MF Global. CFTC

Tagged in: Financial and Investment Fraud, Fraud in CFTC-Regulated Markets,