Former Refco Inc. President Tone N. Grant Sentenced to 10 years
Former Refco Inc. President Tone N. Grant was sentenced Thursday to 10 years in prison for his role in the company’s collapse, covered here. According to the article, defense lawyers for Grant, a former Yale University quarterback and decorated Marine officer in Vietnam, sought a 3 1/2 year sentence. Prosecutors had asked for a sentence similar to that of former Refco Chief Executive Officer Phillip Bennett, who pleaded guilty and was sentenced last month to 16 years behind bars.
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