Jon Corzine

January 30, 2012     Contact: Adam Bauer / (609) 292-5199 Senator Tom Kean Tweet Follow @tomkean Senate Republican Leader Tom Kean, Jr. (R- Union) issued the following statement upon learning that Department of Banking and Insurance Commissioner Thomas Considine will be departing the Christie Administration to return to the private sector: “Commissioner Considine was a tireless advocate for business who worked hard to streamline a regulatory process that had become...Read Full Story

January 10, 2012     Contact: Adam Bauer / (609) 292-5199 Senator Tom Kean Tweet Follow @tomkean Senate Republican Leader Tom Kean, Jr. (R- Union) issued the following statement mourning the death of his friend and colleague, Assembly Republican Leader Alex DeCroce: The New Jersey Legislature lost one of its own today, and with him, a great leader and public servant. Assemblyman Alex DeCroce passed away while serving the people of New Jersey shortly after...Read Full Story

January 10, 2012     Contact: Bill Murray / (609) 292-5199 Senator Kevin J. O'Toole Tweet Follow @kevinjotoole Senator Kevin O’Toole issued the following statement on the passing of Assemblyman Alex DeCroce: “I am truly saddened to learn that my friend and mentor Alex DeCroce passed away last night. He truly loved New Jersey and from an early age dedicated his energy, his intellect and his spirit to serving the people of this State. I learned a lot on how to be an...Read Full Story

November 22, 2011     Contact: Adam Bauer / (609) 292-5199 Senator Steve Oroho (R-24) Tweet Follow @stevenoroho “Don’t blame the executives… They are just responding rationally…choppering home every night [to Pennsylvania] means they can pay a flat tax of 3 percent to Pennsylvania, rather than roughly 9 percent to New Jersey.”  (Tom Moran, The Star-Ledger, 11/20/11) “You are kidding yourself if you think you can be one of the highest-taxed states in the nation, have...Read Full Story

November 3, 2011     Contact: Brad Schnure / (609) 292-5199 Senator Joe Pennacchio (R-26) Tweet Follow @joepennacchio Auditors Find $633 Million Missing from Client Accounts at Corzine’s MF Global In light of a recent audit by regulators which found $633 million missing from client accounts at the failed investment firm of former Governor Jon Corzine, Senator Joe Pennacchio (R-26) has asked New Jersey Treasurer Andrew Sidamon-Eristoff to determine if any state funds...Read Full Story

Here’s a head-scratcher. Former MF Global CEO Jon Corzine apologized to customers, employees, and investors who have suffered due to the company’s collapse, but said he doesn’t know where all the missing money is. “Their plight weighs on my mind every day — every hour,” Corzine said in 21 pages of remarks prepared for the House Agriculture Committee. “I simply do not know where the money is, or why the accounts have not been reconciled to date,” he said. The remarks from the former U.S...Read Full Story

WASHINGTON ( Reuters ) - Former MF Global chief Jon Corzine denied on Thursday a recent allegation that he knew customer funds were improperly used while absorbing withering criticism from Republicans who chided the former Democratic senator for his role in the firm's failure. It was his third appearance in eight days before lawmakers probing MF Global's demise and the whereabouts of hundreds of millions of dollars of customer money. Corzine immediately sought to address allegations about a...Read Full Story

WASHINGTON ( Reuters ) - A U.S. House committee voted to subpoena Jon Corzine to testify before Congress about the collapse of MF Global, after the former CEO refused an earlier invitation. The move intensifies pressure on Corzine, who has been largely absent from public view since he resigned as chief executive early last month. His lawyer had previously told the committee that the former New Jersey governor would be unable to attend a hearing set for December 8, the panel's chairman said on...Read Full Story

WASHINGTON ( Reuters ) - Jon Corzine said he "never intended to break any rules" while he was chief of MF Global and that he doesn't know what happened to the hundreds of millions of dollars in missing customer money. Corzine, in his first public appearance since the firm filed for bankruptcy on October 31, gave lawmakers a lengthy account of the final days of MF Global and apologized to those harmed by the firm's collapse. "I never intended to break any rules, whether it dealt with the...Read Full Story

( Reuters ) - As investigators search for an estimated $1.2 billion missing from MF Global customer accounts, one customer says his entire account has vanished and blames the trustee liquidating the firm. An Illinois -based futures fund on Friday said its more than $50 million account with the broker-dealer unit of MF Global Holdings Ltd <MFGLQ.PK> is missing, and asked a federal bankruptcy judge to order the trustee to find it. Highridge Futures Fund LLP said the trustee James Giddens has...Read Full Story