The former finance chief of brokerage firm Refco has been indicted on charges of helping the bankrupted firm hide hundreds of millions of dollars in losses – defrauding investors and resulting in losses of more than $1 billion, according to federal prosecutors.
Robert Trosten was charged in a Manhattan court with single counts of conspiracy and securities fraud and two counts of wire fraud. He served as the firm’s chief financial officer from May 2000 to October 2004, leaving after receiving about $48 million from the company following the sale of Refco shares to Boston-based private equity firm Thomas H. Lee Partners.
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