Refco Billions

From the International Herald Tribune,

Refco’s financial advisers are investigating the movement of $38 billion between two of the futures trader’s affiliates in the five years before its bankruptcy filing.AlixPartners is reviewing transfers of $20 billion to Refco Global Finance from Refco Capital Markets, and the shift of $18 billion in the opposite direction, according to papers filed in U.S. Bankruptcy Court in New York.

That’s Billion with a “B”!

Refco Finance

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