Ex-Mayer Brown Partner Gets 1 Year For Refco Fraud

Law360, New York (July 15, 2013, 10:16 PM EDT) -- 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” —...
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