Refco provides trade execution, clearing, and foreign exchange brokerage services. Through its Prime Brokerage/Capital Markets unit, Refco processes US Treasury repurchase transactions, and offers brokerage and clearing services for fixed-income and foreign exchange markets. The company’s Derivatives Brokerage and Clearing unit processes more than 460 million exchange-traded derivatives transactions annually, providing access to trading in interest rates, energy, agriculture, foreign currency, and metals products. In 2004 buyout firm Thomas H. Lee Partners acquired a 57% stake in Refco. A financial scandal involving former CEO Philip Bennet erupted in 2005 and forced Refco to file for bankruptcy protection.
Refco, Inc.
One World Financial Center
200 Liberty Street Tower A
New York, NY 10281
Phone: 212-693-7000
Fax: 212-390-8545
Authorities in Austria have issued an arrest warrant for Phillip Bennett, former head of US brokerage Refco.
The move came a day after prosecutors began an inquiry into fraud and related charges surrounding Mr Bennett.
A warrant was also put out for the son of the former head of Bank Fuer Arbeit und Wirtschaft (Bawag), Wolfgang Floettl Jnr
The U.S. Department of Justice appointed Joshua Hochberg, the former head of its fraud unit, to investigate claims of fraud and other misconduct that may have led to Refco’s bankruptcy filing