Reuters turns to Prof. Bennett Gershman for analysis on Corzine’s testifying on MF Global collapse

This week, former MF Global chief Jon Corzine–who also previously served as New Jersey governor and a U.S. senator–testified before Congress that he had “no idea what happened to missing client money,” according to an article in Reuters.

The article, which was picked up by numerous news outlets, asserts: “In testifying, the risk-loving former politician and Wall Street chieftain will be stuck with the version of events he put on the record.” Only time will tell if this is a smart strategy, the article states.

“If there is negligence, carelessness or deliberate misconduct there, I don’t know that he is going to be able to distance himself from it, depending on what the facts show,” said Prof. Bennett Gershman.

 

 

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