CME Group Executive Chairman Terry Duffy testified and indicated John Corzine authorized the transfer of consumer funds to the firm’s trading accounts.
If witnesses and evidence collaborate Duffy’s testimony, Corzine should face a charge of lying before Congress and other criminal charges. Corzine has friends in high places. Maybe he will be thrown to the wolves from the Wall Street cliffs as the latest sacrifice.
CME may be trying to dump all blame on Corzine to protect themselves. How reminiscent of Mafioso ratting each other out.
$1.2 billion is still missing. How could this not be criminal? This also strikes at the heart of Wall Street. If trading accounts can be looted, then what is safe?