all he will get is a slap on the wrist. what judges don´t consider is he is stealing from investers. mutual funds ,pension funds and the like. some poor peoples retirement will be hurt by pond scum like him. yet all they get is a sentence lighter then if they robbed a 7-11

Why bother reporting this ? Don't you know you are interferring with this mans golf game and "hang-out" time with Political friends ? This same sort of thing happens on a frequent basis and all they do wait for a judge "on the take" (which is not hard to find) to take the case, and bingo ---he gets possibly a year, and a stern warning not to get caught again . When are people going to wake up and admit we live in a different America today , filled with greed and corruption ? I would bet there are but a very few Politicians , Democrat and Republican alike who are not common thieves ,and it's our fault because we keep electing them over and over again .We really don't have much to complain about until we clean up the mess we caused.

Refco has always been a "bad boy" Company. From creating Verticle monopolies and fixing the price of Cattle and Pork Bellies to this.. Ray E. Friedman is a Scoundrel...Just a sample of their bad behaviour

Refco has not enjoyed a clean reputation with regulators. The Commodity Futures Trading Commission and the National Futures Association took action against Refco and its units more than 100 times since the firm's founding. According to the Wall Street Journal, it was "among the most cited brokers in the business, according to data provided by the NFA."

The 1978 "cattle futures" trading scandal was played out in Refco accounts, the period during which the Hillary Rodham cattle futures controversy originated.

In 2001, the NFA ordered Refco to pay $43 million to 13 investors after their Refco broker used bogus order tickets to clear trades.

On May 16, 2005, the company disclosed that it had received a "Wells Notice," indicating it might face charges related to improper short selling at its Refco Securities unit and other matters. The company had been implicated in "naked" short sales on the stock of a company called Sedona Corp., disclosed that it was negotiating the SEC and hoped to reach a settlement that would likely include an injunction against future violations and "payment of a substantial civil penalty." Refco put $5 million in reserve in anticipation of the settlement. The company has also been sued by Sedona in connection with this trading