Bloomberg has a story about the sheer chutzpah that disgraced lawyer Marc Dreier used to scam investors and charities out of $380 million.
My favorite part describes how Dreier convinced officials that other firms backed his scam deals:
As the U.S. Attorneys Office in Manhattan tells it, [Dreier] would lie his way into an accounting firm’s or real estate developer’s offices as if he had business there.
He then would use their conference rooms for meetings with hedge-fund officials to make it seem the accountants or developers were in on the deal, according to the feds.
Now that takes some brass ones.
Read the story.
Posted by Erik Even
on December 26, 2008. Filed under Legal News.
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