Retrial Begins for Ex-Mayer Brown Partner Accused of Aiding Refco Fraud

Former Mayer Brown partner Joseph Collins is back in court fighting charges that he helped executives at commodities broker Refco hide losses from lenders and investors. Assistant U.S. Attorney Harry Chernoff argued that Collins helped Refco create “a massive fraud” that cost victims $2 billion when the brokerage collapsed, Reuters and Bloomberg report. Collins “used his law license to earn...