William Bennett, former CEO of Refco, the collapsed futures broker, was
indicted yesterday on eight counts of conspiracy, securities fraud, wire fraud
and making misleading statements.
Bennett was arrested last month after it was alleged that he had used RGHI, a
private company under his control, to conceal $430m of Refco debt. He denies the
Just hours earlier, Man Group’s brokerage unit completed a $323m (£186m) cash
deal for the firm’s regulated futures brokerage arm, outbidding four rivals.
Man will assume liabilities of $41m and take over the customer accounts and
employees, but regulatory capital of $750m will be left for liquidators of the
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies