Federal Regulators will go easy on Jon S. Corzine, who was MF Global’s chief executive when the company went bankrupt and customers’ funds went missing.
In a rare move against a Wall Street executive, the agency has informed Mr. Corzine’s lawyers that it aims to file a civil–not criminal– case without offering Corzine the opportunity to settle.
Perhaps there will be a form of justice anyway. The court battle could wage on for years. Wouldn’t it be lovely if Corzine were left as penniless as the people whose money he took?