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-- right -- thank you so much.
As a come upon a one year anniversary of the implosion of -- -- global still no charges have been filed against senior executives at the firm including the CEO Jon Corzine.
For one point six billion dollars in customer money still missing but aren't investigators sitting on information that points to Corzine's culpability.
-- now has this interesting development.
There have been -- piqued your curiosity yeah.
Jon Corzine may have to go to jail Hussein that it ain't me.
It ain't people on the congressional -- in the congressional finances serves as committee.
Investigating Corzine in the implosion of MF global it is from what we understand is -- sources close to all these investigations that are going on congressional.
You -- US attorney used a district attorney's office that Christine -- when ski.
The former CFO of of MF global in the days following the implosion of MF global had an interest in an interview would -- federal regulatory authorities namely at this.
CFTC commodities futures trading is commission.
And the CME what did she say two things -- when she pointed to the culpability.
Of Jon Corzine in the missing in the missing customer funds this is basically -- she's basically saying that he knew.
That the that the money was being missed -- that the money was being -- And that there were problems in the way it would -- news at least that's what she told people at the CFTC -- -- in the initially and then right after that she made an interesting statement.
She says she basically told the same people.
That Jon Corzine because of this might go to -- how this is interest because this is Christine so risky.
The head of that the North American CFO -- before congress we should point out she also -- is a person that's it basically charge of safeguarding the customer money.
Initially before congress she sidestepped all this stuff you remember testimony she basically said listen.
When I was being I was I think she was ballroom dancing at the exact time that that -- -- that I'm Corzine.
Was that is that the debt at MF global is going on there she was basically say listen I was in contact with the firm.
Based on what I knew then you know not a problem but she made these statements.
Following the implosion she made these statements -- those -- investigators and it's really interesting here's what we know.
The CFTC has -- statements the Justice Department has these things we know that to convert at least two congressional committees I think -- was the senate agriculture committee.
And the house financial services subcommittee.
On investigations very they have these statements the house financial services committee is going to be putting out report shortly -- -- The implosion and the global want to send -- statements could be in that report.
And it's really interesting as we embark upon the -- I guess the one year anniversary event callables implosion we were first report.
Couple months ago several months ago that federal investigative -- have a hard time basically make it a case particularly criminal case against.
Against Corzine a lot of people think that he's out of the woods on this stuff.
I will tell you based on what she said.
That does not seem to be the case we do have a statement from from Corzine's -- -- Corzine's office who basically said that whatever miss Lewinsky said.
In those first frantic days in her testimony there -- go in her testimony before congress.
She was entirely consistent -- Corzine said namely that Corzine -- you know said he did not improperly misuse.
That money I will say this that when you look at some of the testimony that went on it's it's been I guess months of the stuff.
Terry Duffy the head -- the C -- meet the front line regulator -- out pretty forcefully.
And believe that there was criminal there was no excuse me there was illegality that went down wanna use this -- very.
Very narrowly illegality.
What did he mean by that he meant that there were customer funds -- misuse why did he say that you also said.
That Jon Corzine knew about the misuse of a customer money how did -- know that.
Because a senior MF global executive told someone at the CME.
Who was that senior executive will was none other than the soaring -- CME.
He investigated was sitting in on the meeting with the CFTC where she made these statements about -- of course okay.
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