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Attorney Ineligibility Order Pursuant to Rule 1:28-2(a)
Notice to the bar.Attorney Ineligibility Order Pursuant to Rule 1:28-2(a)
Notice to the bar.Dreier stole $380 million, feds say; bail denied due to 'enormous' flight risk
A prosecutor Thursday more than tripled, to $380 million, the sum the government says attorney Marc Dreier, founder of Dreier LLP, has stolen from hedge funds and investors. Arguing successfully that Dreier should be held without bail while a full accounting of his assets is pursued by a court-appointed receiver, Assistant U.S. Attorney Jonathan Streeter called Dreier the "Houdini of impersonation and false documents." Based on what Streeter said Thursday in court, Dreier could face additional charges.Attorney Ineligibility Order Pursuant to Rule 1:28-2(a)
Notice to the bar.
Dreier Arraigned on Two Charges; Receiver Named to Guard Firm Assets
Marc Dreier, the founder of Dreier LLP, was arraigned Monday on federal charges of pawning off $113 million in bogus securities to two hedge funds. A New York judge, who will oversee the SEC's action to recover the money, named Paul Weiss' Mark Pomerantz as receiver to protect the firm's assets. In another civil suit, Wachovia Bank alleged Dreier had defaulted on a $9 million revolving credit note. Meanwhile, in the wake of Dreier's arrest last week on an impersonation charge, many lawyers are jumping ship.TRENDING STORIES
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