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Prominent Lawyer Accused of Securities Fraud
Monday, Dec 8, 2008 | Updated 1:42 PM EDT
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Federal authorities have charged the head of a prominent Manhattan law firm with securities and wire fraud.
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Federal authorities have charged the head of a prominent Manhattan law firm with securities and wire fraud.
The charges against Marc Dreier were contained in a criminal complaint unsealed Monday in U.S. District Court in Manhattan.
The 58-year-old Dreier is the founder and managing partner of the 250-lawyer firm Dreier LLP. The firm also has offices in Los Angeles, Santa Monica, Calif., Pittsburgh, Stamford, Conn. and Albany, N.Y.
A federal investigator said Dreier falsified financial statements in connection with the sale of more than $100 million in fictitious real estate notes.
Dreier was charged last week in Toronto with impersonation in connection with the attempted sale of $45 million of notes to a hedge fund.
Dreier was expected to appear in court in Manhattan later Monday. A message left with his lawyer was not immediately returned.
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