Seven months after he was arrested for defrauding investors of hundreds of millions of dollars and stealing from clients, disgraced attorney Marc S. Dreier was ordered to serve 20 years in prison Monday. "At this point all I can do is express my shame and remorse," Mr. Dreier told Southern District Judge Jed S. Rakoff. "I'm sorry to all the people I stole from. I'm sorry to the clients I betrayed. I'm sorry to the lawyers at my law firm for dishonoring their profession." Judge Rakoff rejected an initial request by Assistant U.S. Attorney Jonathan R. Streeter for 145 years in prison as well as Mr. Streeter's fall back request that 30 years in prison that would be the equivalent of a life sentence for the 59-year-old former head of Dreier LLP.
July 14, 2009 at 12:00 AM
1 minute read
Seven months after he was arrested for defrauding investors of hundreds of millions of dollars and stealing from clients, disgraced attorney Marc S. Dreier was ordered to serve 20 years in prison Monday.
“At this point all I can do is express my shame and remorse,” Mr. Dreier told Southern District Judge Jed S. Rakoff. “I’m sorry to all the people I stole from. I’m sorry to the clients I betrayed. I’m sorry to the lawyers at my law firm for dishonoring their profession.”
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