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(Pent)House Arrest, Marc Dreier Edition
We haven’t seen a professionally-produced video of the prison/apartment where Bernard Madoff is currently under (pent)house arrest, but how much nicer can it be than the prison/apartment where Marc Dreier will now reside until the trial in his pending prosecution? Cityfile reports that it has found a Prudential Douglas Elliman video tour of Dreier’s One [...]
Bankruptcy Court Identifies Marc Dreier’s Hedge Fund Victims
The bankruptcy court handling the Marc Dreier matter named roughly 20 hedge funds worldwide as the latest identified victims of Dreier’s alleged $400 million investment fraud.
Be Very Careful How You Answer This Question!, Part II (a.k.a. “No, It is Not OK to Shoot My Client”)
The response is now in to the very interesting question posed by U.S. District Court Judge Jed Rakoff (previously discussed here) when deciding whether to free Marc Dreier on bail: “Are these armed guards authorized to shoot him” if he tries to flee? Counsels’ answer: Don’t shoot!! The details are in this post (click here) [...]
Be Very Careful How You Answer This Question!
Before U.S. District Court Judge Jed Rakoff decides whether to free Marc Dreier on bail, the judge has asked prosecutors and Dreier’s lawyers to research and answer an important and interesting question: Are the armed guards free to shoot Dreier should he attempt to flee house arrest? “Are these armed guards authorized to shoot him?” [...]
WSJ Video: The Fall of Marc Dreier
The WSJ’s Nathan Koppel discusses the surreal fall of Marc Dreier, a major litigator now in jail and accused of fraud, selling bogus paper,and impersonation to the tune of $380 million.
SEC Receiver Pomerantz: Dreier LLP to File for Bankruptcy
Mark Pomerantz, the SEC’s court-appointed receiver for the law firm Dreier LLP, has advised U.S. District Judge Miriam Cedarbaum of the SDNY that the firm will file for bankruptcy. Bloomberg reports that in a Dec. 11 letter publicly filed yesterday, Pomerantz stated that “I have advised counsel for the SEC and counsel for Mr. Dreier [...]
Dreier Update: SEC Receiver Appointed; Dreier May Have Transfered Funds While in Canadian Prison
A couple articles last night provided additional details on the quickly-developing and puzzling Marc Dreier story. First, the New York Law Journal reports that Judge Miriam Goldman Cedarbaum of the SDNY, who is handling the SEC’s complaint against Dreier, said she will appoint Mark Pomerantz of Paul Weiss Rifkind Wharton & Garrison as receiver to [...]