Refco Inc.’s former boss Phillip R. Bennett duped some of the world’s most sophisticated financial corporations by hiding almost $500 million in a huge line of credit the bankrupt commodities broker ...
Troubled commodities broker Refco Inc. has filed for Chapter 11 bankruptcy protection and said it has reached a preliminary deal to sell its core futures brokerage business to a group of private ...
Refco Inc. began shutting down its main business on Friday, as fraud charges against the former chief executive threatened to topple the largest U.S. independent commodities brokerage. New York-based ...
James Baer is a 36-year veteran of the financial services industry, but the situation at Refco Inc. has him baffled. Baer, 62, managing director of Uhlmann Price Securities LLC in Chicago, was the ...
Simply sign up to the US & Canadian companies myFT Digest -- delivered directly to your inbox. Futures industry officials on Friday held talks with Goldman Sachs and other financial institutions about ...
NEW YORK, Aug 16 (Reuters) - Buyout firm Thomas H. Lee Partners LP [THL.UL] said on Thursday it has sued auditor Grant Thornton over the firm's alleged role in the collapse of futures and commodities ...
Simply sign up to the US & Canadian companies myFT Digest -- delivered directly to your inbox. Regulators are to consider strengthening rules that require auditors to check what money is owed to ...