Robert C. Trosten, the former chief financial officer of foreign exchange
company Refco, has been charged with
defrauding investors in a scheme which resulted in a loss of more than $1bn
In a US District Court in Manhattan ,Trosten was also charged with assisting
Phillip R. Bennett, formerly Refco’s chief executive officer, in allegedly
hiding hundreds of millions of dollars of debt owed to Refco by a company
controlled by Bennett.
Trosten denies any wrongdoing.
‘Robert Trosten denies that he intentionally engaged in any fraud and looks
forward to establishing his innocence at trial,’ his lawyer,
Robert Morvillo, was
reported as saying.
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The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements