Artworks by Damien Hirst, Roy Lichtenstein, Mark Rothko and Andy Warhol were among 18 pieces that have been transferred to a victim of the fraud committed by Dreier LLP, the law firm run by imprisoned ex-attorney Marc Dreier. The works, which were displayed in Dreier's home, are valued at about $33 million. Southern District U.S. Attorney Preet Bharara said Monday the works have been transferred by U.S. marshals to the hedge fund Heathfield Capital Limited.
Dreier had pledged the works as security to finalize a deal in what prosecutors said was part of a massive securities and wire fraud scheme involving the sale of fake promissory notes and the embezzlement of Dreier LLP client funds.
