Corzine Gave 'Direct Instructions' To Move $200M, Memo Says

Law360, New York (March 23, 2012, 6:59 PM EDT) -- Former MF Global Holdings Ltd. CEO Jon Corzine told an assistant treasurer at the company to transfer $200 million to cover a $175 million overdraft in the days before the company's bankruptcy filing, according to a congressional memo released Friday, but whether he knew the money came from segregated customer accounts remains unclear.

The House Committee on Financial Services' oversight and investigations subcommittee issued the memorandum ahead of a scheduled March 28 hearing intended to examine the downfall of the company and broker-dealer arm MF Global...
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