Potential House Arrest for Scamming Lawyer

Marc Dreier, the once prominent attorney accused of swindling hundreds of millions from hedge funds and investors alike, was given bail by a federal judge yesterday. However, the NY Times reports, "The conditions set by the judge are so restrictive that even if Mr. Dreier posts the $10 million bond that the judge required — which could happen by early next week — Mr. Dreier would be holed up in what might be considered a fancy prison." Well, Dreier's lawyer did want a Madoff-like bail! Among the restrictions proposed: An electronic monitoring device, a security guard, approval of visitors and "no call forwarding, no modem, no caller ID, no call waiting and no wireless phone."