Former Refco COO Forfeits $2M In Fraud Probe

Law360, New York (August 20, 2010, 11:42 AM EDT) -- The former chief operating officer of defunct brokerage Refco Inc. has agreed to forfeit more than $2 million that federal prosecutors say was acquired through a fraud and money laundering scheme, the U.S. attorney for the Southern District of New York has announced.

Former COO and Executive Vice President William M. Sexton, 45, agreed to settle civil forfeiture claims brought by the federal government Thursday in the U.S. District Court for the Southern District of New York.

Investigators in the office of U.S. Attorney Preet Bharara...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.