November 19, 2012
Refco's Former Outside Counsel Again Convicted of Deceiving Investors
Joseph Collins, former Mayer Brown partner and outside counsel for failed futures firm Refco, Inc., was convicted last week by a Manhattan jury for the second time of fraud. His prior conviction had been tossed because of communications between a juror and the trial judge without the presence of Collins' attorney. The jury convicted him on seven counts on charges he helped Refco executives defraud investors by hiding transactions that concealed losses.
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