Attorney Marc S. Dreier said "guilty" eight times but remained free on bail after admitting Monday to selling fictitious promissory notes in a scheme that ripped off investors of hundreds of millions of dollars and ended with the implosion of his 250-member law firm. A New York federal judge said that allowing Dreier to remain free pending his July 13 sentencing was a close call in a case where Dreier has "shown that he is to be ranked with those who have committed some of the most egregious frauds in history."
Dreier Pleads Guilty to Fraud Scheme, Remains Free on Bail
New York Law Journal
May 12, 2009