MF Corzine raised $500,000 for Obama…

(The Weekly Standard) – Corzine, of course, has most recently been in the news for being on the wrong side of a $6.3 billion bet as head of MF Global. “MF Global filed for bankruptcy on October 31, after $6.3 billion in risky bets on European sovereign debt spooked investors and an effort to sell the company failed,” Reuters reported. “Investigators are searching for as much as $1.2 billion in missing customer money, which regulators said the company may have diverted for its own needs.”

Later, Corzine admitted he could not account for the $1.2 billion.

At one point, Corzine was once considered a possible candidate for secretary of the Treasury Department. “President Obama once hailed [Corzine] as an ‘honorable man’ and one of his ‘best partners’ in the White House,” ABC reported.

Source: http://www.weeklystandard.com/blogs/jon-corzine-raised-500000-obama_620781.html

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