New York, July 3, 2008.
The former chief executive of Refco Inc. was sentenced Thursday to 16 years in prison for a financial cover-up that brought down one of the world’s largest commodities brokerages.
Phillip Bennett, 59, a British citizen living in Gladstone, N.J., had previously pleaded guilty to conspiracy to commit securities fraud and other charges.
Bennett said he didn’t meant to hurt anyone. His voice cracked when he apologized to his family for their “unimaginable agony.”
He didn’t mean to hurt anyone?
I’ve you’ve ever had that thought, make some life changes before it’s too late.
Chris Reich, Author of TeachU’s Business Talk Blog