Legal Woes Pile Up For Refco Ex-CEO Bennett

Law360, New York (November 15, 2006, 12:00 AM EST) -- For former Refco Inc. head Phillip Bennett, things just keep getting worse. On Tuesday, prosecutors widened their case against the fallen chief executive, accusing him of lying to auditors as part of an alleged scheme to hide hundreds of millions of dollars in debt from investors and auditors.

The latest indictment, which adds one charge to the slew of counts already facing Bennett, elaborates on three sets of trading losses that caused the New York commodity brokerage to conceal its troubled financial status from investors before...
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