Tag: Marc Dreier

Marc Dreier’s $10 Million Apartment to be Auctioned Off Today

Marc Dreier’s Manhattan apartment $10.4 million Midtown Manhattan condominium, where he recently served his “(Pent)House Arrest,” is scheduled to be auctioned at 1 pm today, along with its contents. As previously discussed here, on July 13, U.S. District Judge Jed Rakoff sentenced Marc Dreier to 20 years in prison.  Dreier pleaded guilty in May to charges including securities fraud, conspiracy,…

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Marc Dreier Sentenced to 20 Years in Prison

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…

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Dreier Receiver to Seek $1.4 Million in Fees

The bill for the court-appointed receiver and his attorneys in the SEC’s case against Marc S. Dreier is in.   Mark Pomerantz said he expects to seek $150,000, while his counsel at Paul Weiss will ask for approximately $1.25 million for their four months of work.  The NY Law Journal reports that Paul Weiss is accepting a substantial discount from their…

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