Refco | Mahony Partners

An Echo from Refco

Financial Services , Taking & Managing Risk

Law firm Mayer Brown LLP has quietly settled claims it aided a $1.5 billion fraud at Refco, the brokerage that collapsed in 2005. Unlike Refco’s spectacular fall, the news brought no front-page headlines, only a modest report in a trade journal based on a routine court filing. But Refco still holds lessons for today.

Refco’s ghost haunts MF Global

Financial Services

It’s impossible to read about the demise of MF Global and not think about Refco, the futures brokerage that collapsed in scandal in 2005 and whose remains were later bought by MF Global. Like Marley’s ghost, the weaknesses that played a part in Refco’s downfall returned to haunt MF Global. Refco’s problems came to light […]