Federal regulators filed a lawsuit Thursday against MF Global and two of its former top officers, including CEO Jon Corzine. Corzine is a former U.S. Senator and former governor of New Jersey. The suit alleges that in October of 2011, MF Global illegally used up to $1 billion in customer funds to cover the firm's cash needs. MF Global has settled and will provide restitution. CFTC enforcement officials said the case against Corzine is being pursued.
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Source: http://www.npr.org/templates/story/story.php?storyId=196338115&ft=1&f=1070
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