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Former NJ Gov. Jon Corzine Charged with Mismanaging Customer’s Money

Jon Corzine, former Wall Street titan, has been charged with mismanaging his former securities firm and misusing customers’ money. Corzine was the former head of MF Global, a Wall Street firm that collapsed in 2011. A civil lawsuit seeks to ban Corzine from trading in the futures market and demands he pay unspecified penalties. Forbes notes about $1.2 billion in customer funds vanished before its bankruptcy filing, mostly from risky bets on the debt of European countries.

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