By Matt Arco | NJ Advance Media for NJ.com
on March 07, 2017 at 3:58 PM
TRENTON — Former Gov. Jon Corzine was blasted as the “mastermind” behind MF Global Holdings Ltd.’s collapse inside a Manhattan federal courtroom on Tuesday, according to published reports.
A lawyer representing the accounting firm PwC in a $3 billion trial over who’s to blame in MF Global’s down fall told jurors that Corzine should be held to account.
“Its bankruptcy was caused by its risky trading, its unprofitable business and other problems” said James Cusick, a lawyer for PwC, according to Bloomberg. “Mr. Corzine was the mastermind and the driver of that strategy.”
Gov. Chris Christie unseated Corzine in the 2009 gubernatorial election. After the election, MF Global hired Corzine, the former CEO of Goldman Sachs, to help engineer a turnaround of the firm’s collapse.
MF Global collapsed in 2011 after a disastrous bet on European countries’ debt.
