In Hollywood Hives, The Males Rule In Hollywood’s animated family fare about animals, the overwhelming majority of characters are male, despite nature’s preferred sex ratio of roughly 50-50.... Read Full Article President Of Paramount To Leave After Brief Term Gail Berman will leave her job as president of Viacom’s Paramount Pictures unit, according to an executive.... Read Full Article The World Bank, The Little-Noticed Big Money Manager To help poor countries make their money work harder, the World Bank is increasingly supplying them with risk-management services, sometimes in competition with Wall Street banks.... Read Full Article Kesa Lines Up £400m Deal To Offload Misfit French Furniture Stores Kesa Electricals, owner of the Comet electricals chain, is set to gain £400 million from the sale of its French furniture business after entering “exclusive talks” with a private eq... Read Full Article For Many Palestinians, ?Return? Is Not A Goal Many Palestinians are now saying the right to return to the homes they left in 1948 is becoming less feasible.... Read Full Article |
Guilty Plea In Refco Fraud CaseRobert C. Trosten, the former finance chief at the futures trader Refco Inc., pleaded guilty on Wednesday to helping hide hundreds of millions of dollars in debt. Mr. Trosten, 38, entered a guilty plea to fraud and conspiracy charges in Federal District Court in Manhattan, a month before he was to go on trial. He agreed to cooperate with the government in exchange for leniency at sentencing and to forfeit $2.4 billion and property he owns. “I take full responsibility for my actions and my conduct,” Mr. Trosten told Judge Naomi Reice Buchwald at his plea hearing. The former chairman and chief executive, Phillip R. Bennett, pleaded guilty Feb. 15 and will be sentenced in May. Mr. Trosten’s plea leaves two men remaining to face trial. Refco’s former president, Tone N. Grant, goes on trial March 17, and a longtime lawyer for Refco, Joseph P. Collins, faces a separate fraud and conspiracy trial. Both men deny wrongdoing. Tag CloudExternal InformationAdditional InformationThere Is Life After Hospice, and Even Golf in Florida for Some...Jury Is Selected for Trial of Conrad Black... Playmaker from valley of the deals... Advertising: In an ?Absolut World,? a Vodka Could Use the Same Ads for More Than... Where Am I?News Main Page - Business - Guilty Plea In Refco Fraud Case |
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