Rep. Michael Grimm (R., N.Y.) led 17 fellow Republican House Members on a letter to Attorney General Eric Holder calling for a criminal investigation of Jon Corzine for possible perjury while testifying to Congress. Jon Corzine’s testimony before three Congressional Committees including the House and Senate Agriculture Committees contradicts evidence revealed in a civil complaint filed by the CFTC on June 27, 2013.
In June the Commodity Futures Trading Commission filed civil charges against Corzine in June, asserting that he was responsible for the firm's $1.6 million in funds that went missing.
“The recorded conversations transcribed in the CFTC’s civil complaint provide evidence that Mr. Corzine had knowledge of illegal transfers – a fact he denied to Congress. It is outrageous and unacceptable to let this discrepancy go without a formal criminal investigation. Mr. Corzine has a duty to be honest with the customers from whom he stole money as well as the Members of Congress to whom he testified. Any refusal to move forward with an investigation would be a gross injustice,” Grimm said.
In written and oral testimony before the House and Senate Agriculture Committees in December 2011, Corzine said "I simply do not know where the money is," Grimm recalled in his latter.
In written testimony to the Senate Agriculture Committee Corzine said, "I was stunned when I was told on Sunday, Oct. 30, 2011 that MF Global could not account for many hundreds of millions of dollars of client money."
In the same written testimony dated Dec. 13, 2011, Corzine said, "I did not, however, generally involve myself in the mechanics of the clearing and settlement of trades, or in the movement of cash and collateral."
The letter to Holder said Corzine's statements are contradicted by the nearly released recorded conversations involving Corzine in the days leading up to MF Global's bankruptcy. The letter states that the complaint notes that Corzine did know where the money was as it had been transferred to JPMorgan Chase.
"Obviously, he did, in fact involve himself in the movement of cash and securities," the letter adds. "Finally, there is no way Mr. Corzine could have been 'stunned' to learn of hundreds of millions of dollars missing client funds on October 30, 2011, as he was clearly aware of shortfalls in the segregation account on October 27, 2011."