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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: Marc Dreier

Marc Dreier stories: 3 news summaries
GLOSSIES

 Imprisoned 
 Ponzi Schemer: 
 It Happens to 
 the Best of Us 

Jailed Ponzi lawyer just wanted a beach house. $380 million later...

Sep 29, 09 3:32 PM CDT
(Newser) - Before he left house arrest in his posh New York apartment to start serving a 20-year sentence, Ponzi schemer Marc Dreier attempted to explain his bizarre actions. Dreier sold bogus debt to expand his law firm, impersonating execs from other companies to do so. His criminal enterprise, he tells More »

MORE ABOUT:
New York City • federal prison • Ponzi scheme • bank fraud • law firm • Bernard Madoff • Marc Dreier

(Newser) - A high-flying New York lawyer who orchestrated a Ponzi scheme to fund his lavish lifestyle has been sentenced to 20 years in jail, the New York Times reports. Marc Dreier pleaded guilty to charges including conspiracy and securities fraud relating to the scam, which bilked hedge funds and other investors... More »

MORE ABOUT:
fraud • sentencing • Ponzi scheme • securities fraud • defrauding investors • Bernard Madoff • Marc Dreier • prison sentence

 NY Lawyer 
 Pleads Guilty 
 to $400M Fraud 

Dreier bilked clients, spent cash on yacht and beach houses

May 12, 09 8:34 AM CDT
(Newser) - New York lawyer Marc Dreier pleaded guilty yesterday to selling hundreds of millions in bogus promissory notes to hedge funds and other clients, reports the Times. Dreier, 59, used the $400 million to fund a Manhattan apartment, beachfront houses, and an $18 million yacht. “He has disgraced the honorable... More »

MORE ABOUT:
fraud • hedge fund • conspiracy • money laundering • wire fraud • securities fraud • hedge funds • Marc Dreier • Jay-ZTV

3 Stories


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