Ex-Mayer Brown Partner Gets 1 Year For Refco Fraud

Law360, New York (July 15, 2013, 10:16 PM ET) -- Former Mayer Brown LLP partner Joseph P. Collins was sentenced Monday to one year and one day in prison for allegedly helping hide the $1 billion accounting fraud that sunk brokerage Refco Inc.

Collins, who has lost his law license, must also serve two years of probation under a sentence imposed by U.S. District Judge Loretta Preska.

Jurors in November found Collins guilty on seven of 10 counts he faced, including counts of securities fraud and conspiracy, for participating in what prosecutors called “the hole” —...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers

Required