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News & Updates
December 16, 2011 Corzine: MF Staff Said Fund Transfer Was LegalSource: Bloomberg
Jon S. Corzine, former chairman and chief executive officer of MF Global Holdings Ltd., told lawmakers today that the firm’s back-office staff “explicitly” informed him that fund transfers made before the company filed for...
December 15, 2011 Ex-Olympus chief Woodford calls for better corporate governanceSource: Mainichi
TOKYO (Kyodo) -- Former Olympus Corp. President and Chief Executive Officer Michael Woodford called on Wednesday for the power of nonexecutive directors and auditors in companies to be strengthened as he attended meetings of...
December 15, 2011 Corzine Visited NY Fed as MF Sought StatusSource: Bloomberg
Jon S. Corzine, former chairman and chief executive officer of MF Global Holdings Ltd., met with New York Federal Reserve officials in 2010 as the broker sought to become a primary dealer of government securities, Thomas C....
December 15, 2011 French ex-President Jacques Chirac guilty of corruptionSource: BBC News
A French court has given former President Jacques Chirac a two-year suspended prison sentence for diverting public funds and abusing public confidence.
December 14, 2011 Olympus reveals $1 billion balance sheet hitSource: Reuters
Japan's disgraced Olympus Corp ironed out its crooked accounts on Wednesday, unwinding a 13-year fraud to reveal a $1.1 billion dent in its balance sheet and igniting speculation it would need to merge or sell assets to repair...
December 14, 2011 MF's Corzine said to know of customer fund misuseSource: Reuters
The regulatory arm of CME Group has turned over interviews to the Justice Department that allege former MF Global chief Jon Corzine knew that the now-bankrupt brokerage firm used customer money to lend to a European affiliate, a...
December 13, 2011 SEC Charges "Shell Packagers" and Several Others in Penny Stock SchemeSource: Securities and Exchange Commission (SEC)
SEC Charges "Shell Packagers" and Several Others in Penny Stock Scheme
December 13, 2011 Jon Corzine Testifies Again, $1.2 Billion Still Missing -text/videoSource: ABC News
Former MF Global CEO Jon Corzine is scheduled to testify before Congress again on Tuesday, this time before the Senate Agriculture, Nutrition and Forestry Committee, but the whereabouts of about $1.2 billion in client money is...
December 12, 2011 Analysis: Little appetite in Japan for major post-Olympus reformSource: Reuters
TOKYO - Japan is unlikely to make sweeping reforms to rules on corporate governance in the wake of the Olympus Corp accounting scandal because of a largely hostile business lobby and a lack of political will to ...
December 12, 2011 Olympus Auditor Ernst & Young to Probe Accounting, JudgmentSource: BusinessWeek
An Ernst & Young ShinNihon LLC committee will determine whether there were auditing problems or lapses in judgment in its probe on the coverup of a $1.7 billion fraud at Olympus Corp. ShinNihon said Dec. 8 that it formed a...
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