New York lawyer pleads guilty in $700 million fraud
While as not as bad as Madoff and Stanford, Marc Dreier is about to get a lot of press and none of it good. Here are the figures
Defrauding hedge funds of about $700 million(his pocket)
He'll be doing prison time a minimum of 145 years
loss to clientS: $400 million USD
No Ponzi, just straight up fraud
Thanks Marc!