Tuesday, August 4, 2015

A son of former N.J. Gov. Jon Corzine dies

Jeffrey Corzine resting his hand on his father´s shoulder in 2007, when the governor was released from an 18-day stay at Cooper University Hospital.
Jeffrey Corzine resting his hand on his father's shoulder in 2007, when the governor was released from an 18-day stay at Cooper University Hospital. AP
Jeffrey Corzine, a son of former New Jersey Gov. Jon S. Corzine, has died, a spokesman said Thursday.

Steven Goldberg, a spokesman for the former governor, did not provide a cause of death in a two-sentence statement distributed by e-mail. Jeffrey Corzine was 31, according to public records.

"Mr. Corzine is obviously devastated by this tragic loss," Goldberg said. "We ask that all respect his family's privacy during this very difficult time." Goldberg, reached by telephone, declined further comment.

Citing a source close to the former governor, NJ.com reported that Jeffrey Corzine died Tuesday and that during the time his father was governor, he struggled with substance abuse.

Jeffrey Corzine was present every day at Cooper University Hospital in Camden, where his father spent 18 days in 2007 after a near-fatal car crash while governor. Jon Corzine emerged from that episode saying he held a newfound appreciation of family and that it had caused him to rethink his priorities.

A photograph posted on Jeffrey Corzine's Facebook page shows him with President Obama, who campaigned for the Democratic governor in his unsuccessful bid for reelection in 2009. Corzine was defeated by Republican Christopher J. Christie.

"My thoughts and prayers are with Gov. Corzine, Joanne, and the entire Corzine family," Christie said in a statement. "They are both devoted parents and the loss they have suffered is unthinkable."

The former governor spent 24 years at New York-based Goldman Sachs Group Inc., becoming cohead of the investment firm with Henry Paulson, who later became U.S. treasury secretary under President George W. Bush. After Corzine was ousted from the firm in 1999, he won a U.S. Senate seat representing New Jersey and then a term as the state's governor.

Corzine took command of MF Global Holdings Inc., a commodity broker, in 2010. He is fighting a lawsuit brought by the Commodity Futures Trading Commission over allegations that he failed to properly oversee the company's brokerage unit as it spiraled toward failure in 2011, as $1.6 billion in customer funds went missing.

Jon and Joanne Corzine divorced in 2003. In addition to his parents, Jeffrey Corzine is survived by a sister and a brother.

Bloomberg News
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