Former Refco chief jailed for 16 years
05 Sep 2008, Kevin Reed, AccountancyAge
http://www.accountancyage.com/aa/news/1747217/former-refco-chief-jailed
The former British chief executive of Refco has started a 16-year jail sentence.
Phillip Bennett pleaded guilty to charges relating to hiding the commodity broker problematic finances, reports the Times.
The company filed for bankruptcy in 2005 after a financial black hole was revealed. A $430m debt was owed to Refco by a company controlled by Bennett.
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