Legal experts: Corzine avoided missteps in testimony

(AP) - Jon Corzine has navigated three days oftestimony on MF Global's failure without saying much to satisfylawmakers or clients who lost millions when the

WASHINGTON - (AP) - Jon Corzine has navigated three days oftestimony on MF Global's failure without saying much to satisfylawmakers or clients who lost millions when the firm collapsed.

Legal experts say Corzine avoided slip-ups that might expose himto criminal prosecution. They say he chose his words carefully anddescribed events that would be hard to disprove.

Many note that the facts surrounding MF Global's demise willemerge from investigations by lawmakers, regulators andlaw-enforcement officials.

About $1.2 billion of client money was missing when MF Globalcollapsed. Corzine, a former Democratic senator and New Jerseygovernor, was CEO of the firm until he resigned last month.

Brokers such as MF Global generally must keep clients' money inseparate accounts.

Congress calls on Corzine to testify on MF Global MF Global fires its entire work force Former NJ Gov. Corzine steps down at MF Global Official: MF Global admitted using client money

advertisement | advertise on News 12

Trending Video

Monmouth County officials continue to search for missing 1 Officials continue to search for missing 19-year-old
Police in Asbury Park calling for cease fire 2 Police in Asbury Park call for cease-fire after shootings
A fire destroyed this house on Bramhall Avenue 3 Early morning fire destroys house in Jersey City
Jersey Weekend Buzz 4 Jersey Weekend Buzz
VIDEO: Man reunited with missing wedding ring 5 VIDEO: Man reunited with missing wedding ring

advertisement | advertise on News 12

Features

It's good to know you have Walt Kane Kane in Your Corner

It's good to know you have Walt Kane in your corner.

News 12 takes a look at the hottest Tech Check

Eric Landskroner has a look at the latest gadgets and biggest stories in tech.

News 12 On the Scene

Check out these exclusive videos from New Jersey celebs!

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE