Mon, Jul 13th, 2009
Disgraced lawyer Marc Dreier was sentenced Monday to 20 years in prison after admitting in May to a scheme to sell $700 million in fake promissory notes and to steal client funds.
At a hearing Monday, U.S. District Judge Jed Rakoff in Manhattan sentenced Mr. Dreier, one-time managing partner of the New York law firm Dreier LLP, to 20 years behind bars and to pay $387.7 million in restitution. The judge also indicated he would approve the government's request for $746 million in forfeiture.
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Related videos from YouTube:
- Dreier accused of fabricating scamDreier accused of fabricating scam www.EmploymentCrossing.com Mark Dreier, in hot water since last week, has allegedly tried to obtain millions of dollars for his firm illegally. In a federal indictment released today ...
- Dreier Pleads Guilty In...Lawyer Marc Dreier, accused of defrauding hedge funds by selling $700 million in fake promissory notes, has pleaded guilty to fraud and other charges.
Related stories from Digg:
Twenty Years for Dreier: “No Mr. Madoff”
Marc Dreier, Esq., 59, may have a chance to live the end of his golden years a free man. U.S. District Judge Jed Rakoff sentenced the admitted scammer to 20 years in federal prison for engineering a $400+ million scheme to steal from pension funds, institutions and a few individuals by selling phony promissory notes.(Business & Finance)
crisispostWed, Jul 15th, 20092 Diggs, 0 CommentsLawyer Marc Dreier Sentenced to 20 Years in Prison
Marc Dreier has been sentenced to 20 years in prison for his $700M hedge fund swindle. Dreier pleaded guilty to swindling hedge fund investors out of $700 million by claiming he was authorized to sell promissory notes ...(Business & Finance)
penmasterTue, Jul 14th, 20091 Diggs, 0 Comments
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