Bennett Pleads Not Guilty In Refco Case

Law360, New York (November 21, 2005, 12:00 AM EST) -- Phillip Bennett, the former chief executive of commodities and foreign exchange brokerage Refco Inc., pled not guilty on Friday to eight counts of conspiracy, fraud and other charges related to the accounting scandal that drove his company bankrupt.

Bennett was charged with one count of securities fraud on October 12. After further investigations, he was indicted on eight charges related to the accounting scandal on November 10.

He is accused of hiding about $430 million he owed the company from investors and auditors ahead of the...
To view the full article, register now.