Fraud Allegations Fly In Refco Clients' New Suits

Law360 (October 9, 2007, 12:00 AM EDT) -- Some of Refco Inc.'s biggest clients filed a new pair of suits Tuesday, accusing the bankrupt brokerage, its sister companies and its former officers as well as Thomas H. Lee Partners LP and its directors of participating in a securities sales scheme, which was further covered up with fraud.

In their more than 300 pages of litigation, Capital Management Select Fund Ltd., Investment & Development Finance Corp., IDC Financial SA, VR Global Partners LP and Paton Holdings Ltd. accused Refco's ex-officers of scheming to convert their...
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