NYC grand jury indicts lawyer eyed in $400M fraud

Lawyer Blogs

A New York City grand jury has indicted a lawyer suspected of bilking hedge funds out of more than $400 million.

The indictment returned Thursday in federal court in Manhattan charges Marc Dreier with conspiracy to commit securities and wire fraud. Dreier also is charged with securities fraud and wire fraud.

Dreier led the law firm Dreier LLP, with 250 attorneys and celebrity clients including ex-New York Giants star Michael Strahan (STRAY'-han). He was arrested in December after hedge funds complained he was stealing from them.

Dreier has remained jailed, unable to post enough cash or property toward his $20 million bail.

Defense attorneys say he's cooperated with a receiver appointed by the court to take control of his assets.

Prosecutors say he could face 30 years to life in prison if convicted.

Related listings

  • Texas executes inmate for killing fellow prisoner

    Texas executes inmate for killing fellow prisoner

    Lawyer Blogs 01/30/2009

    Texas has executed a prison gang member who fatally injected a fellow inmate with an overdose of heroin in retaliation for snitching on him. Ricardo Ortiz was pronounced dead at 6:18 p.m. Thursday.The 46-year-old was the fifth Texas inmate to die thi...

  • Man smears feces on his lawyer, flings it at jury

    Man smears feces on his lawyer, flings it at jury

    Lawyer Blogs 01/29/2009

    A San Diego judge has declared a mistrial in a kidnapping and assault case after the defendant smeared excrement on his lawyer's face and threw it at jurors. The judge boosted defendant Weusi McGowan's bail from $250,000 to $1 million after the Monda...

  • Sludge company's ex-representative pleads guilty

    Sludge company's ex-representative pleads guilty

    Lawyer Blogs 01/29/2009

    A former representative of a Texas company pleaded guilty Monday to federal bribery conspiracy, admitting a multiyear scheme to win a sludge recycling contract through cash and trips for Detroit officials.Jim Rosendall's cooperation with the FBI led ...

Illinois Work Injury Lawyers – Krol, Bongiorno & Given, LTD.

Accidents in the workplace are often caused by unsafe work conditions arising from ignoring safety rules, overlooking maintenance or other negligence of those in management. While we are one of the largest firms in Illinois dedicated solely to the representation of injured workers, we pride ourselves on the personal, one-on-one approach we deliver to each client.

Work accidents can cause serious injuries and sometimes permanent damage. Some extremely serious work injuries can permanently hinder a person’s ability to get around and continue their daily duties. Factors that affect one’s quality of life such as place of work, relationships with friends and family, and social standing can all be taken away quickly by a work injury. Although, you may not be able to recover all of your losses, you may be entitled to compensation as a result of your work injury. Krol, Bongiorno & Given, LTD. provides informed advocacy in all kinds of workers’ compensation claims, including:

• Injuries to the back and neck, including severe spinal cord injuries
• Serious head injuries
• Heart problems resulting from workplace activities
• Injuries to the knees, elbows, shoulders and other joints
• Injuries caused by repetitive movements

For Illinois Workers’ Compensation claims, you will ALWAYS cheat yourself if you do not hire an experienced attorney. When you hire Krol, Bongiorno & Given, Ltd, you will have someone to guide you through the process, and when it is time to settle, we will add value to your case IN EXCESS of our fee. In the last few years, employers and insurance carriers have sought to advance the argument that when you settle a case without an attorney, your already low settlement should be further reduced by 20% so that you do not get a “windfall.” Representing yourself in Illinois is a lose-lose proposition.

Business News

New York & New Jersey Family Law Matters We represent our clients in all types of proceedings that include termination of parental rights. >> read