British man charged with US securities fraud

The ousted British-born chief executive of commodities brokerage firm Refco has been released from a US jail on a $50m (€41.8m) bond following his arrest for alleged securities fraud.

British man charged with US securities fraud
Thu, 13 Oct, 2005 - 14:36

The ousted British-born chief executive of commodities brokerage firm Refco has been released from a US jail on a $50m (€41.8m) bond following his arrest for alleged securities fraud.

Authorities say Phillip Bennett, now of Gladstone, New Jersey, concealed as much as $545m (€455.6m) in bad debts from federal regulators and investors.

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CourtsBusinessHeathrowPlace: USPlace: Gladstone, New JerseyPlace: ManhattanPlace: EuropePlace: New JerseyPerson: Phillip BennettPerson: BennettPerson: US Attorney Michael GarciaPerson: AssistantPerson: US AttorneyPerson: David EsseksPerson: Douglas F. EatonPerson: EsseksPerson: Gary NaftalisPerson: NaftalisOrganisation: RefcoOrganisation: US District Court
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