Ex-Mayer Brown partner convicted of fraud

Joseph Collins’ retrial did not go his way

Though he narrowly escaped conviction the first time around, former Mayer Brown partner Joseph Collins was found guilty on Friday of seven out of 10 counts he faced in the retrial of a fraud case.

Collins was convicted of conspiracy and securities and wire fraud for helping ex-executives of Refco Inc.—a commodities brokerage—pull a $2.4 billion fraud scheme on investors. The court found that Collins helped conceal Refco’s financial condition shortly before it went bankrupt in 2005.

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