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Grifting Lawyer Now Charged With $700 Million in Fraud

2009_02_dreierhl.jpg Marc Dreier is currently under house arrest for his alleged $380 million fraud. Except now the feds had amended their indictment and say the fraud—selling fake promissory notes to hedge funds—is actually $700 million. The Law Blog reports, "Prosecutors are demanding that Dreier forfeit approximately $700 million, including all of his interest in a yacht, luxury cars, and more than 200 works of art by such masters as Andy Warhol, Jasper Johns, Roy Lichtenstein and Henri Matisse." Dreier, a once prominent lawyer whose firm employee 200 people and who pleaded guilty to previous charges, was also hit with a money laundering charge; his lawyer said, "We are looking for a fair resolution and will continue with that effort."

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Comments [rss]

  • Outter Burrougher

    what is up with his hair?

  • schadenfreudian mensch

    It's called old age. It turns white/grey.

  • If Charlie Sheen wasn't around there wouldn't be anyone to stand in as a a body double.

  • Rocknrope

    It is easier for a camel to go through the eye of a needle...

  • If Madoff weren't around, this would be the big scandal of the finance world. Well, if Madoff and AIG weren't around.

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