Refco's bankruptcy examiner is lobbing allegations of impropriety at Joseph Collins of Mayer Brown Rowe & Maw, a Chicago-area law firm. Collins had for many years served as a close confidant of Refco management and, although his firm faced the ire of Refco investors after being I.D.ed as reviewing Refco's books, Collins himself had thus far stayed somewhat above the fracas. In a 400+ page report, culled from millions of pages of billing records, Refco's bankruptcy examiner concluded that Collins "knew or should have known" about that fraud and financial illegalities that led to Refco's failure.

Get further details on the report, and Mayer Brown's response via the Chicago Tribune.

-- MDT

Labels: Joseph Collins, Mayer Brown Rowe and Maw, Refco