Associated Press

the lawNEW YORK — 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.

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