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Thursday, July 26, 2012

Corruption at DOJ?

It has been a mystery why the Department of Justice has not indicted Jon Corzine for his part in the destruction of MF Global and the "disappearance" of huge sums of money from clients' accounts. Corzine, of course, testified to congress that he had no idea what had happened to the funds. Then email came to light in which it is stated by high officers at MF Global that JC (meaning Corzine) had approved the transfers of the funds from the customers accounts. While Corzine himself did not send these emails, they are particularly damning circumstantial evidence of his involvement. A good prosecutor would have brought in the writers of the emails and questioned them about Corzine's role.

Many have suspected that Corzine's position as a former Democrat governor and senator from New Jersey had insulated him from prosecution by the Obama DOJ. Now, an new angle has been uncovered in an article at Breitbart. True, it is coming from Breitbart, a site not known for understatement. Nevertheless, the article points out that MF Global and Corzine were clients of the law firm of Attorney General Eric Holder and his deputy Lanny Breuer. Other similar links are set forth in the article. Holder ought not to have any monetary interest in his former firm, and I assume that this is correct. But it is also likely that Holder expects to return to that firm when he leaves office. In other words, he cannot be unbiased in his review of the Corzine mess.

There ought to be a special prosecutor and the sooner the better.

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