Category: Featured Video

Two years ago MF Global blew up taking down $1.6 billion of customer money. In this “Santelli Exchange Extra,” CNBC’s Rick Santelli talks with James Koutoulas, the man who successfully led the battle to reclaim those lost funds.

Counsel for MF Global customers, James Koutoulas and John Roe discuss Jon Corzine’s court testimony in which he stated that he has no idea what happened to 1.2 billion dollars of customer funds. Koutoulas calls the testimony both “cowardly” and a “cop-out.”

Rick Santelli and Council for MF Global customers, James Koutoulas, discuss Corzine’s choice between going out of business, or cheating his customers. Koutoulas states, “The next time a sociopath CEO says, do I go out of business or do I cheat, He’s going to think about the president’s biggest fundraiser in an orange jumpsuit in state prison.”