Nation & world business briefs (Detroit Free Press)

5 September 2008, 12:44 am

Former Refco Inc. CEO Phillip Bennett entered a federal prison to begin a 16-year sentence for cheating investors out of $2.4 billion in what prosecutors said was one of the worst white-collar frauds. Bennett, 60, surrendered Thursday to the Federal Correctional Institution at Fort Dix, N.J., according to Bureau of Prisons spokeswoman Felicia Ponce.... read more

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