Refco Can Send $300M From BAWAG Pact To Lenders
The settlement arose from a dispute with BAWAG P.S.K. Group—the bank that loaned erstwhile Refco chief executive Phillip Bennett $430 million, and allegedly abetted the accounting fraud scheme that led to Refco’s spectacular collapse when revealed in 2005.
In November 2005, BAWAG sued...
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