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Dreier Accused of Fabricating Scam [Video]
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Mark Dreier, in hot water since last week, has allegedly tried to obtain millions of dollars for his firm illegally.


In a federal indictment released today, Dreier is accused of fabricating a $100 million dollar scam that began in October. The allegations hold that Drier falsely told two hedge funds that a real estate company in New York was offering discount priced promissory notes.

To grow the hedge funds interest and ultimately get them to purchase, Dreier allegedly fabricated the promissory notes themselves, had someone impersonate the CEO of the real estate company, and forged documents from an accounting firm.

It is now reported that Dreier was caught on tape confessing to the crime in conversations with a government informant.

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Marc Dreier is also facing a charge of criminal impersonation by Canadian authorities involving a multi-million dollar deal between the Ontario Teachers’ Pension Plan and Fortress Credit Opportunities.






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