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    Did Corzine Know Money Transfer Came From Customer Account?

    On Friday, we reported that former New Jersey Gov. Jon S. Corzine directly ordered $200 million transfered from a segregated customer account to an MF Global account in London, according to a memo from the House Committee on Financial Services.

    Today, The New York Times reports that an email acquired by the paper seems to show that Corzine was not aware that money, which was used to cover a $175 million overdrawn account, came from a customer account.

    The Times reports:

    "The e-mail, sent by an executive in MF Global's Chicago office, showed that the company had transferred $175 million to replenish an overdrawn account at JPMorgan Chase in London. The transfer, the e-mail said, was a 'House Wire,' meaning that it came from the firm's own money. The e-mail, sent at 2:20 p.m. on Oct. 28 to Mr. Corzine and two of his assistants in New York, says the transfer came from a 'nonseg' account, industry speak for a noncustomer account."

    In the email quoted by the House memo, an assistant treasurer seems to imply that the transfer of customer funds was approved by Corzine.

    That $200 million transfer seems to have contributed to the $1.6 billion shortfall in customer funds that became apparent after MF Global collapsed.

    Corzine testified before Congress that he did not order customer funds moved. A spokesman said Corzine stands by that testimony.

    "[Corzine] never gave any instruction to misuse customer funds and never intended anyone at MF Global to misuse customer funds," the spokesman said.

    Copyright 2012 National Public Radio. To see more, visit http://www.npr.org/.

    NPR

    Bill Cosby Admitted To Acquiring Drugs To Give To A Woman For Sex

    NPR's Kelly McEvers interviews MaryClaire Dale, an Associated Press reporter, about the court documents showing Cosby said in 2005 he got quaaludes to give to a woman with whom he wanted to have sex.
    NPR

    Mechanization Brings Quick Change To Borneo Region Known For 'Slow Rice'

    A company is introducing mechanized rice farming to the interior of Malaysian Borneo for the first time. Scientists say the change may damage the bonds between the local people and their environment.
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    New Challenges To Recycling In The United States

    Falling commodity prices are putting a squeeze on American recycling companies. What this means for cities, counties and the future of recycling programs in the United States.

    WAMU 88.5

    UMBC President Freeman Hrabowski

    Kojo chats with Freeman Hrabowski, the president of University of Maryland, Baltimore County, about the future of higher education - and what he's doing to steer African-American students into science, technology, engineering and mathematics.

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