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.