Corzine revisits Congress in uncomfortable role
Former New Jersey Gov. Jon Corzine returns to Capitol Hill today where he served as a U.S. senator for five years.
Corzine will appear before a House committee to answer questions about his role as CEO of MF Global.
Corzine has been subpoenaed to explain how MF Global collapsed into the eighth-largest bankruptcy in U.S. history and why an estimated $1.2 billion in client money is missing.
It’s the first time in more than 100 years that Congress has subpoenaed a former senator to testify.
The 64-year-old will likely decline to answer potentially damaging questions by invoking his fifth amendment right against self-incrimination.
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