What to do with frozen Refco accounts? | Forex Factory

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What to do with frozen Refco accounts?

  • #1
  • First Post: Apr 18, 2006 8:29pm Apr 18, 2006 8:29pm
Hi everybody,
Does anyone else here have a frozen account at RefcoFX? Are there any legal steps that are to be taken in order to recover the funds, or is it just a matter of waiting?

This is very frustrating for me, as I'm from Argentina, have no access to US lawyers (who would anyway be too expensive for me), and don't understand a thing of the legal/bureaucratic lingo in the current messages from Refco (what the hell is a "docket"?)

Any advice on this issue will be greatly appreciated.

Best regards,
Bonete
  • #2
  • Apr 18, 2006 9:32pm Apr 18, 2006 9:32pm
As far as I can tell you need to fill out this form:

http://www.refcoclaimsdocket.com/Ref...MBlank_POC.pdf

Simon
  • #3
  • Apr 19, 2006 11:19am Apr 19, 2006 11:19am
Don't fill out any form that DRROCK gave in the post its probably the POC form once you fill it out refcofx considers your account as a unsecured creditor not a trading account like you open when you started to trade, The counsel of creditors are trying to make the case to Judge Drain in the NY southern court district that REFCOFX retail accounts were never segregated and that clients Knew that, and they also told the Judge that the 17000 accounts were only 10000 the creditors want to collateralized refcofx debt with our trading account I don't know about you but I never made an investment in refcofx when I opened an account there . .I made an Investment in myself .
  • #4
  • Apr 19, 2006 11:22am Apr 19, 2006 11:22am
Quoting SoyYoConBonete
Hi everybody,
Does anyone else here have a frozen account at RefcoFX? Are there any legal steps that are to be taken in order to recover the funds, or is it just a matter of waiting?

This is very frustrating for me, as I'm from Argentina, have no access to US lawyers (who would anyway be too expensive for me), and don't understand a thing of the legal/bureaucratic lingo in the current messages from Refco (what the hell is a "docket"?)

Any advice on this issue will be greatly appreciated.

Best regards,
Bonete
I'm in the same boat (except I live in New Jersey). I want my $$ back!!
  • #5
  • Apr 19, 2006 12:44pm Apr 19, 2006 12:44pm
[quote=SoyYoConBonete]Hi everybody,
don't understand a thing of the legal/bureaucratic lingo in the current messages from Refco (what the hell is a "docket"?)



I've only got a few hundred $$'s frozen - but that's not the point. I have colleagues with thousands frozen. I'm not even getting any messages from Refco any more. Would you kindly forward it to me - [email protected]

I'll then be able to comment.
Thanks so much.

Sue
  • #6
  • Apr 19, 2006 1:25pm Apr 19, 2006 1:25pm
Which docket are you referring too , there are a punch ,
  • #7
  • Apr 19, 2006 7:08pm Apr 19, 2006 7:08pm
Thank you all for your messages.

So are you guys suggesting that the POC shouldn't be filled? I got an e-mail from sitrick.com (the people that are apparently handling the communication from Refco) saying this:

"It won’t hurt to fill out a proof of claim form, but I cannot give you advice on this, you would have to consult an attorney."

As DRROCK mentioned, the site where these POCs are is:

http://www.refcoclaimsdocket.com/Ref...?cboclient=794

This is very, very frustrating. So, aside from filling that POC (which you say it's better NOT to fill), isn't there anything else that can be done? I'm especially afraid that as a foreign creditor, I might be among the last guys in line...

Thanks again,
Bonete
  • #8
  • Apr 19, 2006 8:48pm Apr 19, 2006 8:48pm
Hate to be negative, but we are all feeling like you , the account holders basically have no recourse ,and that Strick .com is just a PR firm hired by refcofx I am not signing any Proof of Claim my account is my proof of claim . Ask yourself this ??? . After the bankruptcy the refcofx continually told the account holder like me that are accounts are segregated and there was noting to worry about , then just recently in front of a judge in lower Manhattan REFCOFX attorneys said that notices were always sent out reminding account holder that their accounts were not segregated. They defrauded account holders and keep defrauding us. your best course of action is to contact the NY Attorney Generals office and file a complaint , I am in the process of doing that as well as 241 other account holders There # is 212-416-8200 , Ask them for an Complaint form . I dont have a web address trying to find it " o well "
  • #9
  • Apr 20, 2006 3:44am Apr 20, 2006 3:44am
Quoting vinn234
Hate to be negative, but we are all feeling like you , the account holders basically have no recourse ,and that Strick .com is just a PR firm hired by refcofx I am not signing any Proof of Claim my account is my proof of claim . Ask yourself this ??? . After the bankruptcy the refcofx continually told the account holder like me that are accounts are segregated and there was noting to worry about , then just recently in front of a judge in lower Manhattan REFCOFX attorneys said that notices were always sent out reminding account holder that their accounts were not segregated. They defrauded account holders and keep defrauding us. your best course of action is to contact the NY Attorney Generals office and file a complaint , I am in the process of doing that as well as 241 other account holders There # is 212-416-8200 , Ask them for an Complaint form . I dont have a web address trying to find it " o well "
So are you suggesting that we need to do nothing and at some point in time we will recieve our funds (or part of them)?

Simon
  • #10
  • Apr 20, 2006 9:22am Apr 20, 2006 9:22am
Quoting DrRock
So are you suggesting that we need to do nothing and at some point in time we will recieve our funds (or part of them)?

Simon
The only way we will receive our funds in full is if some other bid arises that satisfies the council of creditors . 130mill was not enough, that was fxcm last counter offer ,and the creditors refused it ,they said that 150 mill is wat they are expecting . That was sometime in March to which FXCM Publicly withdrew from further negotiation. i am not tell you wat to do , that's your own business , i am letting you know wat REFCOFX intentions are, and that is to make us unsecured creditors and gives us a % of our funds back if that. Don't you see that there is something seriously wrong with that.???????????
  • #11
  • Apr 20, 2006 6:41pm Apr 20, 2006 6:41pm
Yes I agree that there is something wrong with that. But, what I think is irrelevant - it is what the court thinks. If I don't fill out the form, will the court consider my claim?

Simon
  • #12
  • Apr 21, 2006 10:03am Apr 21, 2006 10:03am
:surprised
Quoting adam3000
and refco will tranfer your money to this a.c

chat with FXCM to have more details
Can you elaborate more I asked fxcm and they have no Idea wat i am talking about.
  • #13
  • Edited 7:23pm Apr 24, 2006 7:07pm | Edited 7:23pm
If you have funds tied up or Frozen with RefcoFX visit this website for more information


Gary
  • #14
  • Apr 25, 2006 7:43am Apr 25, 2006 7:43am
Quoting Capac44
If you have funds tied up or Frozen with RefcoFX visit this website for more information


Gary


What is the web site Gary?

Sue
  • #15
  • Apr 25, 2006 6:31pm Apr 25, 2006 6:31pm
Hi Sue I notice you have tracked down the Refco website. Do not know why it did not appear on my first post but for reference of others it is finance.groups.yahoo .com / group / refcofxaccountholdres /. Hope this one gets through so you can follow the RefcoFX story unfolding

Gary
  • #16
  • Apr 25, 2006 9:37pm Apr 25, 2006 9:37pm
Did you see this news?

http://news.yahoo.com/s/nm/20060426/...wag_refco_dc_1

thanks scott
  • #17
  • Apr 26, 2006 1:41am Apr 26, 2006 1:41am
Quoting smjones
Did you see this news?

http://news.yahoo.com/s/nm/20060426/...wag_refco_dc_1

thanks scott
More and more of a can of worms!!

Go and sign up at www.refcofxaccounts.com

It's a group of Refco retail customers who are trying to do something. I signed up earlier. Lots of info and great support.

Sue
  • #18
  • Last Post: Jan 2, 2026 2:54am Jan 2, 2026 2:54am
Please help, about 20K frozen since 2005 with REFCO FX. I was in the USA in 2005, but I am outside the USA now
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