Ex-Refco Financial Chief Indicted On Fraud Charges

Law360, New York (October 24, 2006, 12:00 AM EDT) -- The former chief financial officer of brokerage firm Refco Inc. was indicted on Tuesday on charges of securities fraud relating to a scheme in which he and the ex-chief executive officer allegedly hid hundreds of millions of dollars in debt from investors and auditors.

Robert Trosten was charged with conspiracy, securities fraud and two counts of wire fraud and faces up to 20 years in prison.

The former Refco finance chief served in the position from May 2000 to August 2004.

The indictment also adds new...
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