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Looks like the crooked Jon Corzine (Obama Campaign Bundler and former Democratic Congressman and Governor) will get away with stealing billions of dollars from his clients thanks to having crony friends in the Obama White House......
Authorities are winding down their criminal investigation of the failed brokarage firm, MF Global, and despite the lack of oversight and the loss of more than $1 billion in customer funds, it now seems unlikely that anyone at the firm will face criminal charges.
The New York Times is reporting this morning that after ten months of investigation by federal prosecutors, sources say there isn't even enough evidence to charge any of the firm's executives in a criminal probe. The company may have failed spectacularly when it came to oversight and risk management, but the losses cannot be chalked up to outright fraud.
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Most of the blame for those trades fell on its CEO (and ex-New Jersey governor) Jon Corzine, and while his reputation and firm are ruined, it seems he will escape any legal sanction. He could still face massive civil lawsuits or fines from regulators who have a lower standard than a criminal prosecution, but jail isn't in the cards.
This is how corrupt crony Chicago politics works.......You campaign and rail against evil Wall Street investors for 3+ years and then prove all of it was just blather and pandering by NOT prosecuting your friends!!
Just checking back.......5 days now and there's still not a peep of outrage form the Lefties!!!
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