Ill. lawyer convicted in NY in $2.4B Refco fraud

Published November 16, 2012 10:47pm ET



NEW YORK (AP) — A Chicago area lawyer whose first conviction was overturned on appeal was convicted again Friday in a $2.4 billion fraud that led to the collapse of what was once the nation’s largest independent commodities firm.

Joseph P. Collins was convicted of conspiracy to commit securities fraud and other offenses including securities fraud and wire fraud in U.S. District Court in Manhattan after a monthlong trial in the Refco Inc. case. He was acquitted of two counts of wire fraud and one count of bank fraud.

Already a print subscriber? Click here to login/register your account

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.