Marc Dreier will stay behind bars until he can get another judge to take a look at possible bail conditions as he awaits trial for alleged frauds totaling more than $380 million. Magistrate Judge Douglas Eaton on Thursday set such tough conditions for Dreier's pretrial release that defense attorney Gerald Shargel said his client was "effectively" denied bail. Though Shargel contrasted Dreier's continued confinement with Bernard Madoff's pretrial release, Eaton said there were critical differences between the cases.
Dreier Remains Jailed as Court Imposes Bail Beyond His Reach
New York Law Journal
January 23, 2009