Results tagged “attorney”

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."

Embattled City Council Speaker Christine Quinn has decided to proceed through the ongoing city slush fund scandal with the guidance of a defense attorney. Federal and City investigators are looking into the allocation of millions of dollars of budget money to fictional organizations. That money was then funneled to private groups, who often kicked back funds in the form of campaign contributions.