Jon Corzine refused an invitation to testify before a House panel, but the Financial Services Subcommittee has countered by voting unanimously to subpoena him for a hearing next week.
“Corzine had been invited to voluntarily appear before the Subcommittee on December 15 but he refused the invitation through his attorney,” the subcommittee noted in a press release. As a result, “Corzine is being directed to testify before the Subcommittee on Thursday, December 15 at 1 p.m. when the Subcommittee will hold a hearing to examine the causes and consequences of MF Global’s collapse as well as the level of coordination between the firm’s regulators.”
Subcommittee Chairman Randy Neugebauer, R-Texas, explained that “Mr. Corzine’s appearance before the Subcommittee is necessary to help identify the causes of MF Global’s collapse and what happened to its customers’ funds.”
Both the Senate and House Agriculture Committees have also voted to subpoena Corzine.
