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!
1 comment:
I just received my Vanity Fair magazine and there is an article about Madof, sourced from his aecretary of 20 years - have yet to read it, but THAT should be a juicy read! Bon Voyage Aeion!
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