Ray E. Friedman

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Ray E. Friedman

Ray E. Friedman was an American businessman, cattle trader, gambler and founder of Ray E. Friedman & Company (REFCO0. He was the step-father of Thomas Dittmer.

Friedman was a controversial figure who was fined by the Commodity Futures Trading Commission and the National Futures Association over 100 times.

Friedman served time in prison for a scheme where he sold chickens to the U.S. Army with the data cattle trae stamps forged.[1]




  1. How Refco veered from debut to bankruptcy. Financial Times.