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Headquarters : One World Financial Center 200 Liberty Street Tower A New York, NY 10281 Bermuda Bermuda web tel. SWIFT REACBMH1XXX analytics


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« Ethical » rating of REFCO Inc. , group and subsidiaries

Fraud 5 Offshore 1
[click on the rating for the method or on the number for the data]

2005Refco filed for court protection from creditors in the fourth-largest U.S. bankruptcy. Refco owes $48.6 billion in liabilities.Bloomberg
2005The biggest independent U.S. futures brokerBloomberg
2005As of April 8, 2005, Refco served approximately 200,000 customer accounts from its 23 locations in 14 countries. Its customers include corporations, government agencies, hedge funds, managed futures funds, pension funds, financial institutions, retail clients, and professional traders.
address & contact : production type
incentive source
Bermuda Bermuda
Hamilton :
Offshore finance, secret bank account, tax haven, shell companies or free zone(s)

  • Environmental impact

  • Human impact

year name
photo position; compensation
2005Bennett, Phillip R
See the photo of: Bennett, Phillip R Chief Executive Officer;
social impact : country
social impact : country
 1 informations, access to subscribers

  • Lobbying & corruption

  • Subsidy

  • Advertising & marketing

yearfinancial misdemeanor source
2008 Phillip Bennett, the former founder and managing director of Refco, was condemned to sixteen years of prison, after a fraud estimated at 2,4 billion dollars. The raw material broker, introduced of Stock Exchange two months before his voluntary liquidation in October 2005, had hidden in years 1990 of the hundreds of million dollars of losses to his customers via financial schemes.     Les Echos
2005 Refco dissimulait ­ sur le modèle d'Enron ­ des actifs compromis, hors du périmètre de la société. A la fin de chaque trimestre, ses créances irrécupérables étaient transférées à une entité contrôlée par M. Bennett qui en échange recevait un prêt d'une somme équivalente. Le fonds spéculatif, Liberty Corner Capital Strategies, servait d'intermédiaire et de paravent. Les crédits étaient débouclés chaque trimestre après vérification.     Le Monde
2005 Philipp Bennett est mis en examen pour huit chefs d'inculpation dont fraude mobilière, faux en écriture et fausses déclarations.     Le Monde
2005 Refco Inc.'s former chairman and chief executive, Phillip R. Bennett, was arrested by U.S. authorities and charged with securities fraud. Refco said he hid $430 million in unpaid debts that one of Bennett's companies owed to Refco.     Bloomberg
1994 Refco a reçu une amende de 1,25 million de dollars pour des erreurs comptables.     Les Echos
yearfinancial misdemeanorsalesincomeassetsbuybacksource
 5 informations, access to subscribers

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