Weighed down by an accounting scandal, a former chief executive under indictment and the possibility of serious trouble with the SEC, commodities broker Refco Inc. appears to be struggling to hold on to as many customers -- and as much cash -- as possible. There was more evidence Friday that the $545 million accounting scandal in a Refco subsidiary was spilling out into the company's other businesses, while nervousness over Refco's health extended from investors to the futures markets themselves.
October 17, 2005 at 12:00 AM
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The original version of this story was published on Law.Com
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