(Reuters) – Bankrupt brokerage Refco Inc. faced “life threatening” financial and regulatory problems in the late 1990s as customers began racking up trading losses, the Wall Street Journal reported,citing a fax sent to Refco’s former chairman by an associate who had evaluated the firm.
The fax is contained in court files related to a dispute between Refco’s (RFXCQ.PK: Quote, Profile, Research) former chairman, Thomas Dittmer, and Texas businessman Edwin Cox, the paper reported.
