Grant gets 10 years in Refco case
15 Aug 2008
Tone Grant, the former president of Refco, was sentenced to 10 years in prison on August 7, thus wrapping up the largest failure of a commodity brokerage in the history of the industry.
Grant, 64, was convicted in April on more than 20 counts connected to defrauding investors in Refco of $2.4bn. Grant’s defence attornies argued that he had been fooled in the accounting fraud...
The rest of this article is for subscribers only. Would you like to take a free trial?
- Unlimited access
- Data & graph exports
- Daily data brief
- Weekly newsletter
- News & Analysis access
- Extensive data searches
- Access to archive
- Weekly newsletter