Marc Dreier sentenced to 20 years for $700 million Fraud
| July 15th, 2009 | ||
| Yesterday a U.S. District Court Judge in Manhattan sentenced Marc Dreier to 20 years in prison. Mr. Drier, a 59-year-old lawyer, illegally sold promissory notes that he claimed were issued by Manhattan real estate developer Sheldon Solow. According to the New York Daily News, Mr. Dreier’s scheme defrauded hedge fund investors of approximately $700 million. | ||
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For Detailed Investor Profiles on these Investors, click below: |
Dreier LLP |
Related People: Marc Dreier
Related Article Tags: Hedge Fund Fraud and Ponzi Scheme News
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Hall of Fraud Top 10
Firm | Assets* |
Madoff Investments LLC | 64,800 |
Stanford Financial Group | 8,000 |
Petters Group Worldwide | 3,500 |
Frankel International & Frankel Chemical | 1,200 |
Satyam Computer Services | 1,000 |
Westgate Capital Management, LLC | 900 |
Capitol Investments USA, Inc | 900 |
Dreier LLP | 700 |
WG Trading Co | 554 |
Weavering Capital | 500 |
*Estimate of alleged Fraud/Investor Losses ($MM) | |
