Mayer Brown partner Joseph Collins has been found guilty of conspiracy and four other charges in connection with a massive fraud at now-bankrupt Refco, writes the New York Law Journal.

Collins, who testified in his own defence that he was kept in the dark about more than $2.4bn (£1.5bn) in debt hidden by officials at the financial services firm, bowed his head as the jury foreman on Friday (10 July) recited the guilty verdicts before Southern District of New York Judge Robert Patterson.