‘Enforcement 40’ for 2020
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Marc Dreier Update: Amended Indictment Raises Amount of Alleged Fraud to $700 Million, Adds Money Laundering Charge
Prosecutors in the Marc Dreier case filed an amended indictment on Tuesday that alleges that Dreier defrauded investors out of approximately $700 million, not $400 million as previously alleged. The WSJ reports that the indictment, originally brought in January 2009, alleges conspiracy and fraud charges for the sale of fictitious promissory notes to hedge funds […]