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House Panel Subpoeanas Jon Corzine on MF Global Collapse

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By Doug Powers  •  December 2, 2011 11:05 AM

**Written by Doug Powers

Last month a House panel asked Jon Corzine to offer testimony about the MF Global collapse. That “ask” has been upgraded to subpoena” status

“Name that party” game rules apply to this AP story:

A congressional panel has subpoenaed former Sen. Jon Corzine to testify next week about his role leading MF Global, a brokerage firm that collapsed this fall after a disastrous bet on European debt.

The House Agriculture Committee voted Friday to issue the subpoena. Committee Chairman Rep. Frank Lucas, R-Okla., said his testimony is “essential to fulfill our objectives.” Lucas said the subpoena was necessary because Corzine hadn’t answered an informal request to testify at the Dec. 8 hearing.

A representative for Corzine didn’t immediately return a telephone call seeking comment.

It’s rare that a former member of Congress is subpoenaed to testify about something under federal investigation.

Corzine has also been asked to testify before a Senate committee, which means he can probably expect another incoming subpoena soon. It’s unknown how Corzine will arrive in DC for his testimony, but one mode of transporation can definitely be ruled out.

Update: Where in the world is Jon Corzine?

(h/t JWF)

**Written by Doug Powers

Twitter @ThePowersThatBe

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