The lawyer representing Mayer Brown partner Joseph Collins in the Refco fraud case has claimed his client was kept out of the loop on hidden debt and sham transactions, reports The New York Law Journal. Collins is accused of helping to conceal a $2.4bn (£1.6bn) corporate fraud, but William Schwartz of Cooley Godward Kronish said the three top Refco officials who defrauded banks and investors made a victim out of "an honest lawyer who believed he was representing an honest, trustworthy company."The issue at the trial, said Schwartz, was "whether Collins was on the inside or the outside - whether they kept him out of the loop, whether they kept him at arm's length, whether they lied to him so he could represent Refco" as an honest company.
May 14, 2009 at 10:13 AM
1 minute read
The original version of this story was published on Legalweek
The lawyer representing Mayer Brown partner Joseph Collins in the Refco fraud case has claimed his client was kept out of the loop on hidden debt and sham transactions, reports The New York Law Journal.
Collins is accused of helping to conceal a $2.4bn (£1.6bn) corporate fraud, but William Schwartz of Cooley Godward Kronish said the three top Refco officials who defrauded banks and investors made a victim out of “an honest lawyer who believed he was representing an honest, trustworthy company.”
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