Home

Dreier-gate Day 4: Millions Missing From Dreier LLP Accounts
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

At the WSJ Law Blog:

A flurry of SEC filings, reviewed last night by the Wall Street Journal, reveal new allegations of [Dreier LLP founder Marc] Dreier’s recent activities, including allegations that funds are missing from clients’ escrow accounts. Here’s the WSJ story.

  
What
Where


According to a declaration by the firm’s Controller John Provenzano, millions of dollars owed to clients appeared to be missing from the firm’s accounts.

Provenzano says that last week, Dreier called him multiple times from a Canadian jail (where Dreier was held on impersonation and fraud charges), begging Provenzano to wire $10 million of firm money to his personal account.  Provenzano refused, but Dreier was able to get his bank to comply.

Provenzano also admitted that since 2005, Dreier has taken up to $40 million our of Dreier LLP accounts to buy art.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




Also, from Dreier LLP partner Joel Chernov:

… because Dreier ran the firm by himself he was the only one who could access bank accounts to transfer or disburse money to rectify many of the financial problems. The December health insurance premiums have not been paid, the firm’s December rent is overdue and AT&T Inc. was set to terminate Blackberry service as of Tuesday. Chernov also says the quarterly premium for the firm’s malpractice insurance is four weeks’ overdue.



Chernov says requests are pouring in for the firm to return client funds held in escrow. But only Dreier can do so. “In addition, many Dreier LLP attorneys and staff have left the firm and it is my understanding that they have taken certain files with them.”

This post will be update as the situation develops.



 

RELEVANT JOBS

Paralegal Family Law Must have 1 Plus Family Law Experience

USA-IL-Naperville

Naperville firm looking for an experienced paralegal who likes to be busy (very busy) all the time, ...

Apply now

Associate Attorney Family Law -- Must have 1 plus years experience

USA-IL-Naperville

Family Law Attorney needed for very busy practice located in Naperville and Joliet. The firm also do...

Apply now

Attorney

USA-ME-Portland

The Bennett Law Firm practices management side labor and employment law and alcohol licensing/regula...

Apply now

Transactional Real Estate and Finance Attorney / Outsourced In-House Counsel

USA-PA-Philadelphia

Job Description Position Description: Rittenhouse Law (“RL”) is a boutique firm f...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Real Estate Attorney

USA-SC-North Charleston

North Charleston office of our client seeks real estate attorney with experience. The candidate will...

Apply Now

Senior Family Law Litigation Attorney

USA-CA-Corona

Corona office of our client seeks senior family law litigation attorney with 10+ years of experience...

Apply Now

Transactional Attorney

USA-IA-Iowa City

Iowa City office of a BCG Attorney Search Top Ranked Law Firm seeks transactional attorney with 2+ y...

Apply Now

Most Popular

SEARCH IN ARCHIVE

To Top