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FBN's Charlie Gasparino reports Jon Corzine's friends say he will not start a hedge fund anytime soon and that he stays busy trading his own money.
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We -- -- right.
It's many years since the -- -- MF global on the brokerage firms disgraced former CEO Jon Corzine is still active trader.
But doesn't it has start -- hedge front now anytime -- Charlie Gasparino has the latest on.
Well I've been talking to friends of Corzine and here's what they say tell -- -- Fox Business never couple things number one who's kind of -- some people are addicted to love.
Jon Corzine according to one addicted to trading really -- that don't I'm not kidding that's and they don't -- different.
If this is what is friends -- in the -- he is communicating this to his -- so it's kind of from the horse's mouth.
One person removed with three people removed to -- broke because I spoke with three people OK but one person -- 11 layer.
Friends say Corzine despite the speculation that we've heard recently will not start will not.
Start a hedge fund anytime soon they do say that he stays busy treating his own money.
I'm sure -- a few million left over from the divorces and the settlements and well -- failed and -- -- failed runs for congress and everything.
But that amount of money from what I understand is what he -- will be he loves to -- -- -- took -- one guy said he saw Jon Corzine about a year ago on his Blackberry.
Gone like this is -- what -- -- doing I'm trading he trades off his Blackberry so are the got atlas did that so no hedge fund.
Trade's a lot why no hedge fun and this is where this sort of rubber meets the road and all the stuff.
Jon Corzine fit faces massive civil liabilities we we've all talked about the difficulty that that regulators and then prosecutors face Sabrina criminal case against him.
Over the implosion of MF global and the missing one point six billion dollars in customer money.
But what he does face very serious civil charges on two count.
Lots of plaintiff lawsuits they're common around the -- gonna be coming very soon.
And he should know that James -- the bankruptcy trustee who wrote a pretty scathing report on and the -- was implosion will be joining.
The the plaintiffs to recoup some of that money they'll go after the insurance company if they have to -- go after individuals that's number one but number two civil.
Civil regularly and several regulatory charges are very much still in the cards from the CFTC.
Over what went down -- animate the MF global and giving -- impetus to all that.
Will be this is going to be a report by -- house financial services committee on investigations coming up from one -- -- in the next three or four weeks.
That that that reportedly pretty damaging for when -- and stand in terms of Corzine's own culpability.
Not so much steady deserves to go to jail but this is a highly mismanaged firm much a firm where.
The mismanagement is oval over -- almost a level.
Of negligence least that's what people preparing to report our talent on the Fox Business Network so this is pretty -- damning stuff it's going to be coming in the next month.
And that will give further impetus to the civil suits -- court.
-- had a relaxing summer -- -- been doing throughout all of the investigate I think it -- told you trading.
Good point are you to trade out of those things over -- for and I can't find I am afraid of but I -- -- you know still addicted to my Blackberry to -- them.
Yeah or what is the other what but -- I'm very easily have hit that it's a thing it's a cellphone don't.
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