Former Refco chief jailed for 16 years
Bennett begins 16 year sentence
The former British chief executive of Refco has started a 16-year jail
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.