Ex-Refco CEO Bennett Asks Court For Mercy

Law360, New York (June 13, 2008, 12:00 AM EDT) -- Former Refco Chief Executive Phillip R. Bennett's attorneys told the judge who will sentence him on July 3 that putting the 60-year-old away for the rest of his life would be barbaric and urged the judge to offer him a lighter sentence than what the advisory guidelines recommend.

But federal prosecutors likened Bennett to high-profile white-collar offenders like former Worldcom Chief Executive Bernie Ebbers, who was sentenced to 25 years behind bars in July 2005, and Samuel Israel, the former chief executive of collapsed hedge fund...
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