REFCO Inc.
| Headquarters : One World Financial Center 200 Liberty Street Tower A New York, NY 10281 Bermuda  web www.refco.com tel. SWIFT REACBMH1XXX analytics  |
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« Ethical » rating of REFCO Inc.
, group
and subsidiaries
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Fraud 5
Offshore 1
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ShareholdersSubsidiaries
year | business source |
| 2005 | Refco filed for court protection from creditors in the fourth-largest U.S. bankruptcy. Refco owes $48.6 billion in liabilities. | Bloomberg |
| 2005 | The biggest independent U.S. futures broker | Bloomberg |
| 2005 | As of April 8, 2005, Refco served approximately 200,000 customer accounts from its 23 locations in 14 countries. Its customers include corporations, government agencies, hedge funds, managed futures funds, pension funds, financial institutions, retail clients, and professional traders. | |
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| year | financial misdemeanor | | | | | source |
| 2008 |
Phillip Bennett, the former founder and managing director of Refco, was condemned to sixteen years of prison, after a fraud estimated at 2,4 billion dollars. The raw material broker, introduced of Stock Exchange two months before his voluntary liquidation in October 2005, had hidden in years 1990 of the hundreds of million dollars of losses to his customers via financial schemes. |
| | | | | | Les Echos |
| 2005 |
Refco dissimulait sur le modèle d'Enron des actifs compromis, hors du périmètre de la société. A la fin de chaque trimestre, ses créances irrécupérables étaient transférées à une entité contrôlée par M. Bennett qui en échange recevait un prêt d'une somme équivalente. Le fonds spéculatif, Liberty Corner Capital Strategies, servait d'intermédiaire et de paravent. Les crédits étaient débouclés chaque trimestre après vérification. |
| | | | | | Le Monde |
| 2005 |
Philipp Bennett est mis en examen pour huit chefs d'inculpation dont fraude mobilière, faux en écriture et fausses déclarations. |
| | | | | | Le Monde |
| 2005 |
Refco Inc.'s former chairman and chief executive, Phillip R. Bennett, was arrested by U.S. authorities and charged with securities fraud. Refco said he hid $430 million in unpaid debts that one of Bennett's companies owed to Refco. |
| | | | | | Bloomberg |
| 1994 |
Refco a reçu une amende de 1,25 million de dollars pour des erreurs comptables. |
| | | | | | Les Echos |
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| year | financial misdemeanor | sales | income | assets | buyback | source |
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