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Feds sue former NJ Gov. Jon Corzine over MF Global collapse

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The Commodity Futures Trading Commission on Thursday sued Jon Corzine, the former New Jersey governor and chief executive of MF Global, saying he effectively drove the investment firm into one of the largest bankruptcies in U.S. history. “Turning a profit is not the only job of the person at the top of a CFTC-regulated firm,” CFTC Enforcement Director David Meister said in announcing the...