• Former CEO of Refco Cries His Way to a Guilty Plea

    Phillip Bennett, the former CEO of Refco Inc. pleaded guilty today while crying… Refco was one of the world’s largest commodities brokerages, but it went down in flames a few weeks after going public in August 2005. The reason? Management […]

  • Refco’s Broker-Dealer Unit Owes Customers $4.16 Billion

    The unregulated broker-dealer unit of Refco Inc., Refco Capital Markets Ltd, says it owes customers about $4.16 billion. This is $486 million more than previously estimated by the parent company. Refco Inc. has filed for bankruptcy protection, and in those […]