Thursday, October 13, 2005

Former Refco CEO Leaves Jail on $50M Bond: Financial News - Yahoo! Finance

"The ousted CEO of commodities brokerage Refco Inc. has been released from jail on a $50 million bond following his arrest for alleged securities fraud. Authorities say Phillip R. Bennett, of Gladstone, N.J. concealed as much as $545 million in bad debts from federal regulators and investors. Bennett was arrested Tuesday night and released a day later. He was charged in a criminal complaint unsealed in U.S. District Court in Manhattan, U.S. Attorney Michael Garcia said."

The bankers (Goldman, et al) are f*cked

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