We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Ex-Refco Exec Strikes Deal, Pleads Guilty

Law360 (December 19, 2007, 12:00 AM EST) -- Santo Maggio on Wednesday reportedly became the first former Refco executive to plead guilty to conspiracy and fraud charges related to the commodities brokerage's 2005 implosion.

“Mr. Maggio today accepted responsibility for his criminal conduct. This is the first step towards making amends for it,” Dow Jones quoted his attorney Paul Shechtman of Stillman Friedman & Shechtman PC as saying at the Wednesday hearing in the U.S. District Court for the Southern District of New York.

Maggio's plea meant that Judge Ronald Ellis has accepted the...
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.