Former New Jersey Governor Jon Corzine cannot stay out of trouble.
As chief executive of Goldman Sachs Group, he helped the company go public, making a fortune in the process. Eventually, he was edged out by a competitor in the firm, and resigned,
A Wall-street executive turned politician, United States Senator Corzine took over the reins of executive power in the Garden State, a state reeling from the shameful downfall of outed Governor James McGreevey. To win both statewide offices, he sunk $100 million dollars of his own money into the campaigns.
During his administration as governor, he suffered in a terrible car accident, though he was driving well above the speed limit. Before his accident, the New Jersey government had shut down. Later on, his approval ratings plummeted, until he was final ousted by United States Attorney Chris Christie.
Following his stunning defeat in the 2-to-1 Democratic Garden State, Corzine returned to finance, heading MP Global, a trading firm.
As if all the fallouts and failures were not enough, he has suddenly resigned from MP Global, five days after the firm declared bankruptcy?
What happened, exactly? He made risky investments with investor money on European Sovereign debt. Those investments spook customers, who fled the firm in droves.
And now everyone is asking, where did $600 million of clients' money go? Corzine, still claiming that his sudden departure is voluntary, has hired a criminal defense attorney in the wake of ongoing federal investigations.
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