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FBN’s Peter Barnes on why former MF Global CEO Jon Corzine’s ‘I don’t know where the money is’ may raise a legal red flag because of the Sar...
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In Washington DC what are your eyes -- here.
Well Chris that day after they hearing from my former senator former governor and former CEO of -- -- global Jon Corzine.
He could be in big legal trouble over his testimony yesterday because that -- missing one point two billion dollars and customer funds.
He offered up a bunch of standard legal defenses in that hearing yesterday but.
Sarbanes.
Oxley sarbanes.
Oxley passed that -- WorldCom and Enron and all that stuff.
Requires CEOs to personally certify that the proper internal controls on book kicking pet keeping -- in their place at their company.
Corzine signed his certification.
For all of this internal stop in May and guess what.
I don't know and you know yeah I want them whatever doesn't cut it anymore -- under sarbanes Oxley.
He doesn't have any documents -- I am asking you know talking with us Charlie Gasparino earlier in the day.
Peter he seem to think.
That's Corzine came out of yesterday's testimony as a big winner and that the regulating agencies actually came out as a loser what did you think afterward.
I thought he dotted all the legal eyes and crossed a lot a lot of illegal tease here.
And so I think that he get what he had to do in order to defend himself going forward whether from congress.
Prosecutors.
Civil lawsuits.
What have you.
