New Scandal for Refco

"Refco, the big New York derivatives broker that went public amid an SEC inquiry two months ago, continues to take shareholders on a wild ride.
On Monday, Phillip Bennett, the company's CEO and chairman, took a leave of absence after Refco realized it was carrying a $430 million receivable from him without labeling it as a related-party transaction. The money was owed by a Bennett-controlled company that assumed some iffy debt owed to Refco, the brokerage said. "

[The Street]