Dec. 15 (Bloomberg) -- Jon S, Corzine, the former chairman and chief executive officer of MF Global Holdings Ltd., said he was told that a $175 million loan to a European affiliate before the firm collapsed was appropriate and legal.
“The back office in Chicago explicitly confirmed to me that the funds were appropriately transferred,” Corzine told lawmakers today at a House Financial Services subcommittee hearing in Washington. Corzine made the comment in response to statements by CME Group Inc. chairman Terrence Duffy that he was aware of a loan from segregated customer accounts before MF Global sought bankruptcy protection on Oct. 31.
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