Corzine said that although he “simply [does] not know where the money is,” he believes the funds will ultimately be found.
“I don’t think it will go unresolved,” he added.
“I am absolutely hopeful that a full understanding of what happened in those last few days will reveal the source of where these monies are,” Corzine later said. “I continue to believe that those resources are in the hands of either counter-parties or there has been some mistaken forwarding of those.”
He also stressed several times that he never had any intention of violating securities laws and regulations, including mixing client funds with those of the firm.
A frustrated Rep. David Scott (D-Ga.) said, “I understand your position that you’re in, but Mr. Corzine we’ve got to find that money. ... We’ve got to get better answers on this from you.”
Corzine repeated that he had no intention of violating laws and regulations.
He can probably expect similarly tough questions from the Senate Agriculture Committee, which has scheduled a hearing on the issue Tuesday.
Vice President Joe Biden waits to conduct a mock swearing-in ceremony with Sen. Brian Schatz, D-Hawaii, in the Capitol's Old Senate Chamber, December 2, 2014. Schatz was sworn in to serve the remainder of his term since he was appointed to the seat after Sen. Daniel Inouye, D-Hawaii, passed away.