It has been years since the last major high note in Jon Corzine’s career. In 2011, he faced the ignominy that came with the collapse of the brokerage firm he ran, MF Global, when about $1 billion of customer money temporarily went missing. It ranked as one of the largest Wall Street bankruptcies since Lehman Brothers’.
The New York Times reports that now, here in his cramped office, Mr. Corzine is plotting his next and possibly final act: starting a hedge fund. And not just any hedge fund, but one designed to take advantage of the turmoil in the Trump era.
Wall Street’s wheel of fortune has spun plenty of comeback stories over the years, from Michael Milken to Henry Blodget. This will be the third spin of the wheel for Corzine, who won a United States Senate seat after being maneuvered out of Goldman, and who took the reins of MF Global after losing the New Jersey governorship to Chris Christie.
If the third time’s the charm, few comebacks will have had the operatic extremes of Corzine’s past decade. It is a period that includes not only MF Global’s demise but also his own near-death experience in a car accident and, later, the death of his youngest son.
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