Refco had ‘life threatening’ troubles in 1990s-WSJ
Friday, October 28, 2005 : Permalink(Reuters) - Bankrupt brokerage Refco Inc. faced “life threatening” financial and regulatory problems in the late 1990s as customers began racking up trading losses, the Wall Street Journal reported,citing a fax sent to Refco’s former chairman by an associate who had evaluated the firm.
The fax is contained in court files related to a dispute between Refco’s (RFXCQ.PK: Quote, Profile, Research) former chairman, Thomas Dittmer, and Texas businessman Edwin Cox, the paper reported.