This ad from the AmericanFutureFund hitting President Obama for his ties to disgraced former New Jersey Gov. Jon Corzine, already has more than 214,000 views on YouTube in just two days.
James Giddens, the trustee overseeing the liquidation of MF Global Inc, told the Senate Banking Committee on Tuesday that his team’s analysis of how the money went missing “is substantially concluded.” …
Giddens, for his part, has said he may file civil claims against MF Global executives alleging breach of fiduciary duties and violations of federal law governing commodities trading. A person familiar with the trustee’s probe said Jon Corzine, a former U.S. senator and Democratic governor from New Jersey who was CEO of MF Global when it collapsed, is among those against whom Giddens is considering action.
So far, most of MF Global’s thousands of former customers have recovered about 70% of their money, while those that traded on foreign exchanges are missing nearly all of it.
“Crimes have been committed here without a doubt,” said James Koutoulas, an attorney and trader who has been advocating on behalf of MF Global customers. “We think there are enough facts out here to start arresting people and start filing charges.”