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Legal Commentary

: Houston's Clear Thinkers

The Refco Question

By Tom Kirkendall

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refco 061508Ellen 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 did Bennett risk taking Refco public in the first place?

Full post as published by Houston's Clear Thinkers on June 15, 2008 (boomark / email).

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