Dem Donor Corzine Lost Customer Money with Potentially-Illegal Wall Street Bets

January 31, 2012

FYI, a similar version of this release below went out to the following districts: Jim Cooper (TN-05), Rush Holt (NJ-12), Steve Israel (NY-02), Nita Lowey (NY-18), Ed Markey (MA-07), George Miller (CA-07), Jerrold Nadler (NY-08), Frank Pallone (NJ-06), Donald Payne (NJ-10), Charlie Rangel (NY-15), Steve Rothman (NJ-09)

Cooper Donor Corzine Lost Customer Money with Potentially-Illegal Wall Street Bets
Tennessee Democrat Refuses to Return Tainted Corzine Cash Despite Growing Evidence of a Billion Dollar Scam by the Democrats’ Top “Wall Street Guy”

Washington — Jim Cooper’s prominent Democrat donor Jon Corzine is attracting increasing scrutiny from investigators and even law enforcement officers who are starting to believe that Corzine illegally gambled away over a billion dollars of his customers’ money. Despite the escalating scandal, Cooper has shown no interest in returning the money he received from Corzine, demonstrating that Wall Street scams and reckless gambling are only an issue when they don’t help line Democrat campaign coffers.

“Jim Cooper continues to demonstrate enormous hypocrisy as he keeps campaign cash from his donor Jon Corzine who is currently under criminal investigation for potentially breaking the law when he gambled away over a billion dollars in customer money,” said NRCC Communications Director Paul Lindsay. “Cooper has tightly clung to his Corzine cash, even though farmers and middle-class families who trusted Corzine with their nest eggs might never see their hard-earned money again.”

Jim Cooper has received $1,500 in campaign contributions from Jon Corzine. (CQMoneyLine, accessed 11/03/11)

Jon Corzine’s customers, who include many farmers and pension-holders, might never recover their investments after he squandered them:

“Nearly three months after MF Global Holdings Ltd. collapsed, officials hunting for an estimated $1.2 billion in missing customer money increasingly believe that much of it might never be recovered, according to people familiar with the investigation.” (Scott Patterson and Aaron Lucchetti, “Money From MF Global Feared Gone,” The Wall Street Journal, 1/30/12)

As the source of Jon Corzine’s personal fortune comes under increasing scrutiny from law enforcement officials, Jim Cooper appears to remain indifferent to the growing accusations of Wall Street fraud. If Cooper keeps the Corzine cash, it will only prove that his top priority is lining his campaign coffers to protect his own job above all else.

Dem Donor Corzine Lost Customer Money with Potentially-Illegal Wall Street Bets http://ow.ly/8MHCp #madeinwdc

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