Mayer Brown partner charged with securities fraud
A senior Mayer Brown partner was indicted yesterday (18 December) on charges he helped Refco conceal from investors that a company owned by former chief executive Phillip Bennett owed Refco hundreds of millions of dollars, writes the New York Law Journal. Joseph Collins, head of the law firm's derivatives group, was charged in the Southern District of New York with securities fraud and a host of other counts in connection with the 2004 sale of a majority stake in the financial services company and a 2005 initial public offering.
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