Corzine Apologizes in Testimony

Former MF Global CEO to tell House he doesn’t know location of missing funds.

Jon S. Corzine, former chairman and chief executive officer of MF Global Holdings Ltd., will apologize to investors, customers and employees of the failed New York broker and tell lawmakers he doesn’t know the location of the estimated $1.2 billion in missing client money.

“I simply do not know where the money is, or why the accounts have not been reconciled to date,” Corzine said in a statement prepared for a House Agriculture Committee hearing in Washington today.

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