Corzine, MF Global Will Face No Criminal Charges

After ten months of investigating Obama campaign bundler and former MF Global chief Jon Corzine’s role in the loss of $1.6 billion of customer funds, the New York Times is reporting that Eric Holder’s Department of Justice is unlikely to file any criminal charges against Corzine or top MF Global executives.

As Breitbart News has reported, the case is riddled with serious conflicts of interest. 

  • The Government Accountability Institute revealed last month that MF Global was a client of Attorney General Eric Holder and Assistant Attorney General Lanny Breuer’s law firm, Covington & Burling. 
  • Breitbart News discovered that the attorney representing MF Global Treasurer Edith O’Brien is Reid Weingarten, Eric Holder’s “best friend” and his own personal attorney. Weingarten and Holder also co-founded a non-profit together, the See Forever Foundation.
  • MF Global’s trustee for the Chapter 11 bankruptcy retained as its general bankruptcy counsel Morrison & Forester, Associate Attorney General Tony West’s old firm.
  • Former FBI Director Louis Freeh is the trustee overseeing MF Global’s bankruptcy. Freeh was a character witness at Holder’s Senate confirmation hearing. Freeh also previously retained Holder to do legal work when he was General Counsel for MBNA America Bank in Wilmington, Delaware.  

To date, despite Barack Obama and Eric Holder’s “get tough on Wall Street” rhetoric, the Department of Justice has not charged, prosecuted, or jailed a single Wall Street executive in the wake of the largest financial collapse in U.S. history.

As the New York Times sardonically noted in its report today, the “lack of charges in the largest Wall Street blowup since 2008 is likely to fuel frustration with the government’s struggle to charge financial executives."

Indeed, even progressives are outraged by Holder’s lack of Wall Street prosecutions.

As Richard Eskow of the Huffington Post recently wrote:

More and more Washington insiders are asking a question that was considered off-limits in the nation's capital just a few months ago: Who, exactly, is Attorney General Eric Holder representing? As scandal after scandal erupts on Wall Street, involving everything from global lending manipulation to cocaine and prostitution, more and more people are worrying about Holder's seeming inaction -- or worse -- in the face of mounting evidence.

As for Obama bundler Jon Corzine, he is already back trading with his family’s wealth and considering opening up a hedge fund of his own. 


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