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05

Corzine Reaches $5 Million Settlement With Regulators in MF Global Case

By Tony Seruga

Jon S. Corzine, a former senator and New Jersey governor, ran MF Global when it collapsed into bankruptcy in 2011 and lost more than $1 billion in customer money. CreditBryan Thomas for The New York Times

After more than five years of investigations and negotiations, the curious case of MF Global is finally closed.

On Thursday, federal regulators announced a $5 million settlement with Jon S. Corzine, who ran MF Global when it collapsed into bankruptcy in 2011 and lost more than $1 billion in customer money. The settlement, reached unanimously at the Commodity Futures Trading Commission in the waning days of the Obama administration and approved by a federal judge this week, caps a long-running spectacle that derailed Mr. Corzine’s career and spurred a number of congressional, criminal and regulatory investigations…

Corzine Reaches $5 Million Settlement With Regulators in MF Global Case

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