Ex-Mayer Partner Gets 7 Years Over Refco

, New York Law Journal

Former Mayer Brown partner Joseph P. Collins was sentenced yesterday to serve seven years in prison for helping Refco Inc. executives defraud investors of $2.4 billion - crimes the judge said were motivated by "excessive loyalty" to his client. Mr. Collins, 59, of Winnetka, Ill., who had sought a sentence of mostly community service, shook his head as Southern District Judge Robert P. Patterson said that "the significance of what transpired here is the reason for the sentence." Judge Patterson agreed with defense lawyer William J. Schwartz of Cooley Godward Kronish that Mr. Collins did not profit from the fraud even though Assistant U.S. Attorney Christopher Garcia pointed toward the millions in legal fees accumulated by Mayer Brown from the Refco account.

This article has been archived, and is no longer available on this website.

View this content exclusively through LexisNexis® Here

Not a LexisNexis® Subscriber?

Subscribe Now

Why am I seeing this?

LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® customers will be able to access and use ALM's content by subscribing to the LexisNexis® services via lexis.com® and Nexis®. This includes content from The National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.

ALM's content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.

For questions call 1-877-256-2472 or contact us at customercare@alm.com