Mayer Brown partner Joseph P. Collins was kept out of the loop on hidden debt and sham transactions at Refco Inc., his attorney claimed Wednesday. Launching a passionate defense of the man who prosecutors say helped conceal a $2.4 billion corporate fraud, Collins' attorney said the three top Refco officials who defrauded banks and investors and ultimately destroyed the firm made a victim out of "an honest lawyer who believed he was representing an honest, trustworthy company."
Defense Claims Refco Officials Lied to Mayer Brown Partner About Fraud
New York Law Journal
May 14, 2009