Oh-- and one of his other clients was AT&T.
http://www.openleft.com/showDiary.do?diaryId=11405http://www.opensecrets.org/revolving/indus.php?id=11275Nice firm:
Mayer Brown Lawyer Indicted in Connection with Refco
Posted by Nathan Koppel
December 18, 2007
In a rare case of a lawyer being charged in connection with the alleged wrongs of a client, Chicago lawyer Joseph Collins (pictured) was indicted today on fraud and other charges in connection with the 2005 collapse of Refco. Here’s a copy of the indictment.
Federal prosecutors in Manhattan on Tuesday announced 11 counts against Mayer Brown’s Collins, in connection with legal work he did for Refco, including documenting a series of “round trip loans” between related entities and outside investors that Refco completed to shift bad debt off its books from the late 1990s to 2005. The discovery of the transactions led to one of the swiftest collapses in Wall Street history.
Phillip Bennett, Refco’s former CEO, and others have been indicted in connection with the Refco collapse. “Acting hand-in-hand with Bennett, Collins made affirmative misrepresentations, material omissions, and told deceptive half-truths, all to assist Bennett’s scheme to steal more than $2.4 billion from potential investors,” reads the indictment. Bennett, who is represented by Gary Naftalis of Kramer Levin, is fighting the charges.
Lawyers are rarely charged criminally in connection with a client’s alleged fraud. In the collapse of Enron, no outside lawyers were charged. “There tends to be gray in legal transactions, but to show intent in a white collar prosecution, it needs to be black and white,” says Jenner & Block’s Andrew Weissmann, the former head of the DOJ’s Enron Task Force. “It’s difficult to develop that kind of evidence against lawyers.”
The SEC also filed a civil complaint Tuesday against Collins, alleging that he aided and abetted securities fraud at Refco.
Collins, who has been the head of Mayer Brown’s derivatives group, is now on leave from the firm while the charges are pending, the firm said Tuesday. “Mayer Brown has cooperated fully with authorities investigating activities related to the collapse of Refco,” the firm said in a statement. “Our review of the evidence available to us shows that the firm acted in a professional, competent and ethical manner in its work on behalf of Refco.”
source: Law Blog
http://blogs.wsj.com/law/2007/12/18/mayer-brown-lawyer-indicted-in-connection-with-refco/Mayer, Brown et al Client List (Open Secrets)
http://www.opensecrets.org/lobby/firmsum.php?lname=Mayer%2C+Brown+et+al&year=One guy from that firm's not enough at the DOJ! Per the LATimes:
Already, one of Gitenstein's colleagues at Mayer Brown, Rajesh De, has joined the Justice Department's Office of Legal Policy, the Senate official said.
(,,,)
The Office of Legal Policy is a little-known but enormously powerful unit. It has primary responsibility for advising the administration on judicial selection and helping to shepherd judicial nominees through the Senate. It was established in 1981 as the principal Justice Department office to plan, develop and coordinate the implementation of major policy initiatives of high priority to the department and to the administration.
Senate records compiled first by Public Citizen show that Gitenstein was registered by Mayer Brown to lobby on behalf of the chamber, Merrill Lynch & Co., Ernst & Young and other corporations on issues including accounting standards, securities litigation and wireless regulation.
For the chamber, the disclosure forms show that he concentrated on legal issues that would likely confront any judicial nominees: class-action and other legal reforms, and the question of federal preemption of lawsuits filed in state courts.
These have been the top legal issues pushed by the business lobbies in Washington recently. Justice Department sources said that Gitenstein's nomination was expected in the near future and considered all but assured, in part because he is close to Biden. After leaving Capitol Hill, Gitenstein, like so many others in Washington, moved to a blue-chip lobbying and law firm advising clients on issues that he dealt with as a public employee.
Gitenstein ceased his work for the chamber last summer when he took a leave from his law firm to work for the Obama-Biden campaign.
http://www.latimes.com/news/la-na-justice5-2009feb05,0,7215699.story?track=rssWhy?? Why why why???