Corzine Gave 'Direct Instructions' To Transfer $200 Million From Customers to JP Morgan London

Jon S. Corzine, MF Global Holding Ltd. (MFGLQ)'s chief executive officer, gave "direct instructions" to transfer $200 million from a customer fund account to meet an overdraft in one of the brokerage's JPMorgan Chase & Co. (JPM) accounts in London, according to an e-mail sent by a firm executive.

Edith O'Brien, a treasurer for the firm, said in an e-mail sent the afternoon of Oct. 28, three days before the company collapsed, that the transfer of the funds was "Per JC's direct instructions," according to a copy of a memo drafted by congressional investigators and obtained by Bloomberg News.

Source: http://implode-explode.com/viewnews/2012-03-23_CorzineGaveDirectInstructionsToTransfer200MillionFromCustomersto.html

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