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Panama City The Bagel Maker has new ownership after 18 years

Panama City The Bagel Maker has new ownership after 18 years
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Transcripts For CNNW Erin Burnett OutFront 20120324

it was three months ago when corzine told members of congress this. i never directed anyone at mf global to misuse customer funds. i never intended to. as far as i m concerned, i never gave instructions that anybody could misconstrue. well, how damming is the e-mail we have? we have a criminal defense lawyer. he s with us tonight. looks like $200 million in a segregated customer account, that got put into another account. treasurer of mf global, says, this was per jc jon corzine s direct instructions. well, we don t know if they were client moneys that corzine knew they were, because the account also contained funds which could have been transferred out properly. and apparently corzine and the fund never represented that they were client funds. so do you think there s room to dance around here? it looks bad at first blush, but it s not open and shut. and they continue to investigate this. that s the bigger problem if he lied previously to congress, he s in a w

Transcripts For CNNW Erin Burnett OutFront 20120324

i never directed anyone at mf global to misuse customer funds. i never intended to. as far as i m concerned, i never gave instructions that anybody could misconstrue. well, how damming is the e-mail we have? we have a criminal defense lawyer. he s with us tonight. looks like $200 million in a segregated customer account, that got put into another account. treasurer of mf global, says, this was per jc jon corzine s direct instructions. well, we don t know if they were client moneys that corzine knew they were, because the account also contained funds which could have been transferred out properly. and apparently corzine and the fund never represented that they were client funds. so do you think there s room to dance around here? it looks bad at first blush, but it s not open and shut. and they continue to investigate this. that s the bigger problem if he lied previously to congress, he s in a whole heap of trouble, more than anything he would have done in terms

Transcripts For CNNW Erin Burnett OutFront 20120323

the email from a firm executive says jon corzine gave direct instructions to transfer client funds to cover and overdraft in another account. it was just three months ago when jon corzine told members of congress this anyone at mf global to misuse customer funds, never intended to, and as far as i m concerned, i never gave instructions that anybody could misconstrue. well, how damning is the e-mail we now have. represented jon ghn gotti jr. i out front now. put into another account, treasure of mf global has in an e-mail, this was per jc jon corzine s, instructions. we don t know if the monies transferred were actually client monies. we don t know even if they were client monies that corzine knew they were. because the account also contained firm funds which were, could have been transferred out properly, and apparently corzine and the firm nobody of represented in writing they weren t client funds. do you think there s room to dance around here? legal room. it l

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