Third congressional panel to subpoena Corzine

AP News
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Posted: Dec 07, 2011 4:21 PM
Third congressional panel to subpoena Corzine

A third congressional panel has voted to subpoena former Sen. Jon Corzine to testify about his role leading MF Global, the brokerage that failed this fall.

The oversight panel of the House Financial Services Committee voted Wednesday to compel Corzine to testify at a Dec. 15 hearing. He had declined to appear voluntarily.

Corzine is scheduled as a witness at the House Agriculture panel's hearing Thursday, and on Dec. 13 before the Senate Agriculture Committee. Both panels had to issue subpoenas.

MF Global filed bankruptcy on Oct. 31 after a disastrous bet on European debt. An estimated $1.2 billion or more may be missing from customer accounts. Regulators are investigating.

Corzine, a Democrat, was a U.S. senator from New Jersey and later served as the state's governor.