In the Southern District of New York yesterday, U.S. District Judge Jed Rakoff sentenced Marc Dreier to 20 years in prison.
Reuters reports that in handing down his sentence, Judge Rakoff stated that “when you turn to the facts of the crime that Mr. Dreier committed, one must still be appalled. It is a huge fraud by any standard, other than the Madoff standard.”
As discussed here in depth, Dreier pleaded guilty in May to charges including securities fraud, conspiracy, wire fraud and money laundering.
He robbed from the rich not indiviual saving he should have gotton 10yrs