READ MEMO: Ex-MF Global official: Corzine approved $200 million money transfer from a JPMorgan account

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Read Memo: Ex-MF Global official: Corzine approved $200 million money transfer from a JPMorgan account

Read Memo: Ex-MF Global official: Corzine approved $200 million money transfer from a JPMorgan account

‘I simply do not know where the money is, or why the accounts have not been reconciled to date,’ he told the House Agriculture Committee. (pg.18)

Reuters-

* Memo alleges Corzine authorized transfer from customer account

* MF Global employee wrote email alleging Corzine OK’d transfer-memo

* MF Global employee, Edith O’Brien, to testify before Congress next week

* Corzine spokesman denies allegation

* Corzine, O’Brien not accused of wrongdoing

By Alexandra Alper and Ann Saphir

WASHINGTON, March 23 (Reuters) – Former MF Global official Edith O’Brien said in an October 2011 email that CEO Jon Corzine gave “direct instructions” to transfer $200 million from a customer account to cover an overdraft in a JPMorgan account in London, according to a congressional memo released on Friday.

Steven Goldberg, a spokesman for Corzine, noted that Corzine did ask that the JPMorgan overdraft be corrected, but never gave any instructions to misuse customer funds.

[REUTERS]

[ipaper docId=86534932 access_key=key-13ybgs9umblb7g43m724 height=600 width=600 /]

image credit: AFP/Getty Images

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