Criminal Law

Former Refco CEO Loses High-Stakes Poker Game; Gets 16 Years
Refco Inc.’s former CEO Phillip Bennett enters Manhattan federal court for his sentencing, Thursday, July 3, 2008. (Credit: AP/Louis Lanzano) 16 years. That was the sentence given to former Refco CEO Phillip Bennett...

Former CEO of Refco cries his way to a guilty plea
Phillip Bennett, the former CEO of Refco Inc. pleaded guilty today while crying… Refco was one of the world’s largest commodities brokerages, but it went down in flames a few weeks after going public in August 2005...

Phillip Bennett starts 16-year jail sentence for Refco fraud
Phillip Bennett, the British former chief executive of Refco, reported to a New Jersey prison yesterday to begin a 16-year sentence for fraud after pleading guilty to criminal charges over a scheme to hide the commodity broker’s financial problems.

The Refco Question
Ellen Podgor has the sentencing memos in regard to former Refco CEO Phil Bennett's plea deal. They are interesting reading, but what they do not answer is the most intriguing question that remains unanswered from the entire Refco affair: Why...

Ive Never Had a Case Where a CEO Has Cooperated Like This
It’s been awhile since we’ve written about Refco, the commodities firm that collapsed in 2005 amid allegations that it committed fraud by improperly shifting debt off its books. The meltdown has led to indictments and a wave of civil suits....

Remember Refco
Amidst the current turmoil in the financial markets, the recent conviction on criminal fraud charges of a former Refco Inc executive barely registered on the radar screen. The details from the meltdowns from years past are just old news...

Refco
Ex-CEO Gets 16 Years