Forum Post: A clasic case of white collar crime
Posted 13 years ago on Nov. 1, 2011, 10:50 p.m. EST by stephenadler
(118)
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http://dealbook.nytimes.com/2011/11/01/u-s-inquiry-of-mf-global-escalates/?hp
I'm sure you guys are following MF Global and their melt down? And oh my god, the customers deposits have been raided by the executives to cover their bad bets. And the CEO was an ex Goldman Sachs executive and former Governor of New Jersey to boot! Talk about collusion between Wall St and our government! The ex-Governor then goes back to Wall St and blows up his own company and steals from his own customers to cover his bad bets? When oh when will our government wake up and put a stop to mixing banking and gambling firms. Well I guess its only 600 million dollars gone missing... a drop in the bucket for these guys....
So... we should start an office pool. How quickly do you guys think the CEO of MF Global will be let off scot free.
700 Million gone from peoples pension funds!
As noted here: http://articles.economictimes.indiatimes.com/2011-10-30/news/30338966_1_citigroup-fees-and-trading-profits-sec-complaint
The SEC has let officials at citigroup do that and even allowed them to negotiate a plea deal where they do not admit to fault but are guilty. More evidence of the collusion discussed here: http://www.rollingstone.com/politics/news/is-the-sec-covering-up-wall-street-crimes-20110817