Ex-Mayer Brown Atty Settles SEC Refco Fraud Claims

Law360, New York (June 14, 2010, 5:13 PM EDT) -- A federal judge has approved a settlement between former Mayer Brown LLP partner Joseph P. Collins and the U.S. Securities and Exchange Commission over the ex-lawyer’s role in helping to facilitate a $2.4 billion fraud scheme that brought down brokerage giant Refco Inc.

Judge Jed S. Rakoff filed an order Thursday in the U.S. District Court for the Southern District of New York signing off on the judgment, in which Collins neither admitted nor denied the agency's claims but consented to a permanent injunction barring him...
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