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Jeff Corzine, Son of Ex-N.J. Governor, Dies in Mexico

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Jeffrey Corzine
Jeffrey Corzine, son of former New Jersey Governor, and Goldman Sachs Group Inc. co-chairman Jon Corzine. Photographer: William Thomas Cain/Getty Images

March 14 (Bloomberg) -- Jeffrey Corzine, the son of Jon Corzine, the former co-chairman of Goldman Sachs Group Inc. who went on to be governor of New Jersey, has died in Mexico, according to spokesmen for the family and the U.S. Embassy.

Steven Goldberg, a family spokesman, announced the death yesterday in a statement without disclosing the cause. Melissa Martinez, an embassy spokeswoman in Mexico City responding to questions about the younger Corzine, said a U.S. citizen died in Mexico on March 11 and referred further questions to Goldberg.

“Mr. Corzine is obviously devastated by this tragic loss,” Goldberg said in the statement. “We ask that all respect his family’s privacy during this very difficult time.”

Goldberg declined further comment when reached by telephone. The New York Post and the New York Daily News reported that Jeffrey Corzine committed suicide, citing people with knowledge of the situation who declined to be identified without authorization to speak publicly.

Jeffrey Corzine, who was 31 according to public records, listed his home as Malibu, California, on his Facebook Inc. account. In 2012, he won Warren Buffett’s 237-player poker tournament, the NetJets Poker Invitational, at Wynn Las Vegas, according to results published by the NetJets Inc. unit of Buffett’s Berkshire Hathaway Inc. The game, open to customers of the fractional-ownership program, had a grand prize of 10 flight hours on a Bombardier Inc. Global-series plane valued at $150,000.

Jeffrey Corzine is survived by a sister, Jennifer; a brother, Josh; his father, and his mother, Joanne Corzine. His parents divorced in 2003.

Obama Photo

A photograph posted on the younger Corzine’s Facebook page showed him with President Barack Obama, who campaigned for his father’s re-election as governor in 2009. Jon Corzine, a Democrat, was defeated by Republican Chris Christie.

“My thoughts and prayers are with Governor Corzine, Joanne and the entire Corzine family,” Christie, the current New Jersey governor, said in a statement. “They are both devoted parents and the loss they have suffered is unthinkable.”

In 2007, Jeffrey Corzine was present every day at Cooper University Hospital in Camden when his father spent 18 days there 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.

Goldman Sachs

The former governor spent 24 years at New York-based Goldman Sachs, becoming co-head of the firm with Henry Paulson, who later became the U.S. Treasury secretary under President George W. Bush. After Corzine was ousted from Goldman Sachs in 1999, he won a U.S. Senate seat representing New Jersey in 2000 and then was elected the state’s governor in 2005.

Corzine, now 67, 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.

To contact the reporters on this story: Terrence Dopp in Trenton at tdopp@bloomberg.net; Nacha Cattan in Mexico City at ncattan@bloomberg.net

To contact the editors responsible for this story: Stephen Merelman at smerelman@bloomberg.net Pete Young, Don Frederick

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