WASHINGTON, Dec. 16 (UPI) -- Former New Jersey Gov. Jon Corzine told a House panel Thursday he was not told MF Global was using customer funds to remain solvent just before it collapsed.
Corzine, a Democrat, who became chief executive at MF Global after leaving office in 2010, and Bradley Abelow, the brokerage's chief operation officer, spent more than 5 hours being questioned by an investigative subcommittee of the House Financial Services Committee, The New York Times reported. It was Corzine's third appearance as a witness before Congress in a week.