Image Source Business Times

Frontline has released another MUST WATCHfinancial documentary, this time focusing on MFGlobal and Jon Corzine’s $6 billion bet gone bad that took down the commodities brokerage.

The story of Jon Corzine, the former head of Goldman Sachs and political power broker, who took over MF Global in the spring of 2010 with oversize ambition and a passion for risk. But after a massive bet on European debt turned sour, the firm lay in ruins, with more than a billion dollars of customer funds missing.

Part 1: The Power of Jon Corzine: How the MFG CEO lobbied the regulators who had the power to stop the risky bets.

Watch Six Billion Dollar Bet on PBS. See more from FRONTLINE.

Leave a Reply