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Brokerage giant Refco Inc.'s former chief executive Phillip Bennett, center, enters Manhattan federal court for his sentencing, Thursday, July 3, 2008, in New York. A judge has sentenced Bennett to 16 years in prison for a financial cover-up that brought down one of the world's largest commodities brokerages. Bennett, a British citizen living in Gladstone, New Jersey, had previously pleaded guilty to conspiracy to commit securities fraud and other charges.
Phillip Bennett, former chief executive of commodities brokerage Refco Inc., arrives at the Federal Court in this Friday, Nov. 18, 2005 file photo in New York. The former chief executive of Refco Inc., one of the world's biggest commodities brokerages, cried as he pleaded guilty to conspiracy and fraud charges that carry a possible prison term of more than 300 years.
Brokerage giant Refco Inc.'s former chief executive Phillip Bennett enters Manhattan federal court for his sentencing, Thursday, July 3, 2008, in New York. A judge has sentenced Bennett to 16 years in prison for a financial cover-up that brought down one of the world's largest commodities brokerages. Bennett, a British citizen living in Gladstone, New Jersey, had previously pleaded guilty to conspiracy to commit securities fraud and other charges.
Brokerage giant Refco Inc.'s former chief executive Phillip Bennett enters Manhattan federal court for his sentencing, Thursday, July 3, 2008, in New York. A judge has sentenced Bennett to 16 years in prison for a financial cover-up that brought down one of the world's largest commodities brokerages. Bennett, a British citizen living in Gladstone, New Jersey, had previously pleaded guilty to conspiracy to commit securities fraud and other charges.