Former broker Kosta Kovachev received $215,000 from law firm accounts to impersonate executives of a real estate development firm as Marc S. Dreier peddled tens of millions of dollars in phony promissory notes, the government charged Wednesday. Also, unsecured creditors of the now-defunct Dreier LLP, including former employees of the 250-lawyer firm, expressed their concern at an unusual hearing on Wednesday that they could be harmed by government forfeiture efforts against Dreier.
New Charges in Dreier Case as Hearing Airs Forfeiture Issues
New York Law Journal
April 23, 2009