"Corzine masterminded scheme at MF Global, new trustee says"

From Bloomberg via Futures Magazine:

Jon Corzine, the former head of MF Global Holdings Ltd., masterminded a scheme to inflate earnings that led to the eighth-biggest bankruptcy in U.S. history, according to an updated lawsuit filed by a trustee for the failed futures broker.

Corzine, a former Democratic governor and senator from New Jersey and once a co-chairman of Goldman Sachs Group Inc., implemented the trading scheme to prop up profits and get “in the money” on his stock options, according to an amended complaint filed in Manhattan bankruptcy court yesterday....MORE

Oh that doesn't read well at all.