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Refco ripples continue.
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- Author(s): Zwick, Steve
- Source:
Futures: News, Analysis & Strategies for Futures, Options & Derivatives Traders. May2006, Vol. 35 Issue 6, p14-15. 2p.
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- Abstract:
The article reports that a judge in Austria has approved an arrest warrant for former Refco chief Phillip Bennett after Refco was charged of helping the Bank for Employment and Industry to cover up losses from bad investments between 2000 and 2005. The losses arose from hedge funds launched by Wolfgang Flottl, son of Walter Flottl who was running the bank. The losses were covered up by money transfers between Refco and the bank, which owns ten percent of Refco.
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