Subject category:
Ethics and Social Responsibility
Published by:
IBS Center for Management Research
Length: 22 pages
Data source: Published sources
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https://casecent.re/p/72058
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Abstract
Refco Inc was the largest independent futures brokerage firm in the world. The case details the growth of Refco from a small commodities futures trading firm to a company offering brokerage services in futures, securities, and capital markets. It describes the accounting fraud perpetrated by Refco's chief executive officer and the events that followed immediately after the news was made public. It also provides an account of the investigations that were made into the various entities involved in the scandal.
Teaching and learning
This item is suitable for postgraduate courses.About
Abstract
Refco Inc was the largest independent futures brokerage firm in the world. The case details the growth of Refco from a small commodities futures trading firm to a company offering brokerage services in futures, securities, and capital markets. It describes the accounting fraud perpetrated by Refco's chief executive officer and the events that followed immediately after the news was made public. It also provides an account of the investigations that were made into the various entities involved in the scandal.