Dealbreaker's Bess Levin reports (via FoxBusiness) that former MF Global CEO Jon Corzine will not face criminal charges for his role in the firm's diverting of client funds and subsequent collapse.
Sources told FoxBusiness regulators were having "a very tough time" gathering evidence that would have put Corzine in the clinker.
Meanwhile, the avalanche of customer and shareholder lawsuits, as well as civil liability investigations by the CFTC and the SEC, continues apace.
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See Also:
- In A Move Sure To Freak People Out, Jon Corzine Is Looking For An Office
- Here's The 'Break The Glass' Report Everyone Was Talking About At The MF Global Hearings
- While MF Global Was Crashing, JP Morgan Was Holding On To Its Cash