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November 07, 2008

Ye olde Refco gifte still giving II

Futures brokerage R.J. O’Brien announced that it had hired Joe Murphy, a “fixture in the industry” to “further cement our position as a leader in the futures industry” blah blah blah.

To its everlasting credit, RJO’s press release did get round to mentioning, in the sixth para, Murphy’s tenure with the Refco crime syndicate. As is the way of these things, however, the disclosure was less than complete: it didn’t mention that Murphy’s last job title at Refco was unindicted co-conspirator

Not saying there’s anything wrong with being an unindicted co-conspirator. But not even our man (allegedly) in Angola made that list. 

Tug o’ the forelock: John Lothian

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