CME chief alleges Corzine aware of transfers

By Shannon Bond and Tom Braithwaite in New York

Jon Corzine, the former chief executive of MF Global, “was aware” that the broker-dealer made use of customer funds during its desperate fight for survival, a US Senate hearing was told on Tuesday.

Terry Duffy, chief executive of CME Group, the futures exchange operator that supervised MF Global’s handling of customer money, said a CME auditor heard an MF Global employee say during a conference call involving senior MF Global employees that

“Mr Corzine was aware of the loans being made from segregated accounts”.