Bloomberg TV reports on the news that Jon Corzine, MF Global Holding Ltd.’s chief executive officer, allegedly 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. accounts in London, according to an e-mail sent by a firm executive.
As Bloomberg’s Julie Hyman reports on Bloomberg Television’s “Street Smart,” “This appears to be the most direct and damaging evidence uncovered by investigators.”
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Adam Johnson adds, “Here is potentially a smoking gun that people have been talking about…but that is very damning potentially to Mr. Corzine.”