Broker Kosta Kovachev, who allegedly helped disgraced attorney Marc Dreier market millions of dollars in bogus promissory notes to hedge funds, was arrested Monday night. There may be more charges to come as the criminal complaint unsealed Tuesday says Kovachev joined the conspiracy with Dreier and "others known and unknown." On Tuesday, Dreier was suspended from the practice of law, effective immediately, "on the basis of uncontroverted evidence of serious professional misconduct."
Ex-Broker Who Helped Dreier in Hedge Fund Scams Is Arrested
New York Law Journal
December 24, 2008