For Former Refco CEO Bennett, Nowhere To Hide

Law360, New York (March 28, 2006, 12:00 AM EST) -- As if a federal indictment and $50 million bail weren’t enough, fallen former Refco Inc. chief executive Phillip Bennett now has the authorities nipping at his heels in Austria.

Just one day after officials in Vienna announced their investigation into a fraudulent conspiracy between Bennett and Wolfgang Floettl Jr., the son of a former president of the bank that lent Bennett hundreds of millions of dollars, the city’s public prosecutor issued warrants for their arrest.

For his part, Floettl Jr. has been implicated in highly speculative...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.