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bartermania

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bartermania

Re: None

Saturday, 10/29/2005 8:14:18 PM

Saturday, October 29, 2005 8:14:18 PM

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T.H. LEE TAKES A BATH AFTER REFCO SCAM, INVESTIGATION

By ZACHERY KOUWE
--------------------------------------------------------------------------------
October 12, 2005 -- One of Wall Street's most respected investors has taken a $721 million beating over the last two days as shares of Refco Inc. have plummeted on revelations of an accounting scandal and a Securities and Exchange Commission probe.
Thomas H. Lee Partners, named after its legendary billionaire founder, owns roughly 49 million shares of Refco through its $6.1 billion buyout fund.

Shares of Refco, one of the world's largest commodities brokerage firms, dropped 11 percent yesterday to end the day at $13.85.

They fell 45 percent on Monday after Chief Executive Phillip R...
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Link: http://www.nypost.com/business/55203.htm

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