Ex-Refco CEO Will Appeal 16-Year Prison Sentence

Law360, New York (July 28, 2008, 12:00 AM EDT) -- Former Refco Inc. CEO Phillip R. Bennett has filed a notice that he will appeal the 16-year prison sentence a judge handed down to him earlier this month for masterminding the fraud that brought down one of the world's largest commodities brokerages.

Bennett filed the appeal notice Friday in the U.S. District Court for the Southern District of New York, where nine days earlier U.S. District Judge Naomi Reice Buchwald had signed off on Bennett's sentence for fraud and conspiracy charges.

Bennett pled guilty in February...
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