Tracing Refco's Ruin Leads Probe to Bermuda.

Item request has been placed! ×
Item request cannot be made. ×
loading   Processing Request
Read More Add to Saved list
  • Additional Information
    • Subject Terms:
      BERMUDA Islands
    • Subject Terms:
      REFCO Inc.
    • Abstract:
      The article reports that investigators into the demise of the brokerage firm Refco are looking at the company's unregulated Bermuda unit. The Bermuda offices were used to fund wealthy clients' investments in emerging market debt while Refco provided loans and played the part of an exchange. Investigators think that Refco used some of its clients' money to fund its own expansion.