Please consider donating to Behind the Black, by giving either a one-time contribution or a regular subscription, as outlined in the tip jar to the right. Your support will allow me to continue covering science and culture as I have for the past twenty years, independent and free from any outside influence.
Investigators now think that MF Global, the company run by former Democratic governor Jon Corzine, Obama adviser and fundraiser, lost $1.2 billion of its customers’ money in “a labyrinth of shady trading and raids.”
In the end, Jon Corzine faces the serious possibility of prison time for his part in this scandal. And he was the go-to guy of the Obama administration for economic advice.