You have no clue if the investigators expressed such concern. They were reported to have expressed concern by a journalist who named no source. You of all people aren't sceptical of journalistic statements without facts? Just cuz it came from the F Times? But you do realize Doran was employed by the WJS at the time? Doran wrote further pieces, one the next day in fact for the Daily Mirror. While discussing Refco's balance sheet again, he makes no reference to naked shorting or FTDs. That's an implicit correction. BTW, do you even have the full Doran article or were you just quoting from other sites which had quoted just a portion? If you have the full article please post.
We can do it the old fasion way Judd and actually visit the SOURCE, ie Refco's financial statements rather than relying on double hearsay. Why didn't you do that in the first place? Why not do it now? The 450M, where does that appear in the financial statements? Let's start our examination there.