http://news.moneycentral.msn.com/provider/providerarticle.asp?feed=AP&Date=20051207&ID=5336792 Refco Capital Markets Owes Customers advertisement Related information * E-mail this article * Print-friendly version Stocks mentioned in this article REFCO Inc.(RFXCQ) Stock Quote, Chart, News Related topics Accounting/Bankruptcy Associated Press All Associated Press News NEW YORK (AP) - Customers at Refco Capital Markets, the unregulated unit of Refco Inc., are owed $3.675 billion compared with available assets of just $1.9 billion. Refco, which filed for bankruptcy Oct. 17, posted financial information on its Web site, http://www.refcodocket.com, late Tuesday from some 3,000 accounts together with the value of assets shown on the unit's books and inter-company transfers. The court-ordered details were provided so that individual customers could decide what type of action to take -- there are already some 18 pending lawsuits over customer property including one for $362 million brought by investment guru Jim Rogers' funds. Experts said that intercompany data showing a total $2.675 billion owed to RCM by other entities in the Refco group of companies couldn't be included in the equation. "The numbers may not have a lot of meaning -- you would have to look at the state of solvency of each individual entity and decide whether RCM could in fact collect on it," said a buyside analyst familiar with the situation. Indeed, Refco itself said it wasn't claiming that the valuations were accurate or the balances collectible. Meanwhile holders of the $650 million bank debt and the $390 million in bonds issued in connection with the Thomas H. Lee Partners buyout of Refco in August 2004 were more cheered by the data. Unlike RCM customers, Refco debtholders have recourse to the proceeds from the sale of the company's regulated businesses, which will include the $282 million Man Financial Inc. is paying for Refco LLC as well as the net regulatory capital of $746 million retained by the unit. Â© 2005 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.