Apparently a new employee in Refco's controller's office asked the right questions about the many hundred millions of debt owed to Refco; this is the debt that Grant Thornton, the auditors in Refco's August IPO (yep, that's two months ago), assured the underwriters that a hedge fund would pay back. I guess the new guy wasn't as trusting as the underwriters and pursued matters to the point where they finally uncovered Bennett's scheme.
I wonder if the new guy will still have a job should Refco enter Chapter 11.
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