Jon Corzine

Corzine to pay $5-million penalty in collapse of MF Global

Former New Jersey Gov. Jon Corzine will pay a $5 million civil penalty for misuse of $1 billion in customers' funds during the 2011 collapse of MF Global, which shook the futures market. Corzine, who was chief executive of the trading house, also agreed in a consent order in federal court to never again work for a futures brokerage or to register with the CFTC.