Corzine Ponies Up

Published July 27, 2016 12:42pm ET



Five years after the collapse of MF Global, a settlement will soon be reached between Jon Corzine, the former CEO of the now-bankrupt brokerage firm, and customers who claim their funds were wrongfully used to offset the shortfall, making those accounts unavailable to them. Although Corzine and his attorneys insist this was not the case, the onetime New Jersey senator and governor and Goldman Sachs chairman has agreed to fork over $132 million. But how much of it will be out of his own pocket?

As Peg Brickley explains in the Wall Street Journal,

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