David Siegal in Reuters: Analysis - On the hotseat Corzine stakes his legal ground


Even with an apology and an insistence he has no idea what happened to missing client money, MF Global's former chief Jon Corzine cannot distance himself from the mess at the bankrupt futures brokerage.

Corzine testified to Congress on Thursday about the chaotic final days of MF Global, defying some predictions that he would refuse to answer questions...

"It is far from clear if anyone did anything intentionally wrong at MF Global," said David Siegal, a former federal prosecutor who is a white-collar defense lawyer with Haynes and Boone in New York.

Siegal said Corzine's attorney, prominent defense lawyer Andrew Levander of Dechert LLP, would not have allowed his client to testify unless he was confident it "wouldn't later come back to bite" the former MF Global boss.

"He's stuck with this. That's his story. It will be difficult for him to tell a different story later."

Excerpt from Reuters, Dec. 8, 2011. To view the full article, click here.

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