If he's smart, he's lying on a beach in Madagascar or another country that doesn't extradite to the US, busily burying his share of the MFG clients' stolen phyzz.
Don't think that CNBC gives a d*** about the stolen client funds at MF Global, the only reason they are reporting on MF Global is because they're pissed they are an unsecured creditor with MFG owing CNBC over $1 million in ad revenue.
When was the last time anybody saw Jon Corzine?
For several days following the bankruptcy of MF Global, Corzine was regularly appearing in the office. Sources at MF Global told me he spent his days in conference rooms with teams of lawyers and accountants. Then he abruptly resigned as chief executive.
And for his next act, he vanished.
The explanation, no doubt, is that his lawyers have told him to keep quiet. They realize that there is a very high risk that civil and criminal cases may be filed against Corzine. As they say on the cop shows, anything he says can and will be used against him. This strategy may protect Corzine legally. But it won't save his reputation.
Every day of silence, every day of invisibility, just adds to the public impression that Corzine is not an honorable man.
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