Former Mayer Brown partner Joseph P. Collins was sentenced Thursday to serve seven years in prison for helping Refco executives defraud investors of $2.4 million -- crimes a federal judge said were motivated by "excessive loyalty" to his client. Judge Robert P. Patterson agreed with the defense that Collins did not profit from the fraud even though prosecutors pointed toward the millions in legal fees accumulated by Mayer Brown from the Refco account.
Former Mayer Brown Partner Gets 7 Years for Refco Fraud
New York Law Journal
January 15, 2010