Judge Jed S. Rakoff issued a bail order Thursday paving the way for attorney Marc S. Dreier to exchange a jail cell for home detention while he awaits resolution of the $400 million fraud case against him. While acknowledging that Dreier is a flight risk, the judge concluded that the defense proposal -- a $10 million personal recognizance bond and the admittedly controversial condition that armed guards move into the Dreier apartment -- "goes far to minimize this risk."
Judge Sets Dreier Bail Conditions to Minimize Flight Risk
New York Law Journal
February 6, 2009