A prosecutor Thursday more than tripled, to $380 million, the sum the government says attorney Marc Dreier, founder of Dreier LLP, has stolen from hedge funds and investors. Arguing successfully that Dreier should be held without bail while a full accounting of his assets is pursued by a court-appointed receiver, Assistant U.S. Attorney Jonathan Streeter called Dreier the "Houdini of impersonation and false documents." Based on what Streeter said Thursday in court, Dreier could face additional charges.
Dreier Stole $380 Million, Feds Say; Bail Denied due to 'Enormous' Flight Risk
New York Law Journal
December 12, 2008