Showing posts with label hedge fund law. Show all posts
Showing posts with label hedge fund law. Show all posts

5.12.2009

Manhattan Lawyer Pleads Guilty to Hedge Fund Fraud

Marc Dreier, 59, has plead guilty to using fake documents and impersonations to defraud hedge funds out of about $400 million. Despite the objections of prosecutors, Dreier was allowed to remain free on bail until his July 13 sentencing.

Dreier had founded Dreier LLC, a law firm employing as many as 250. He also lived a lavish lifestyle including a personal yacht and tens of millions in artwork.

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