Small law

Law Firm Founder Marc Dreier Ordered to Testify in Person at Trial
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

 

mark_dreier

Summary: The founder of the law firm Dreier LLP, Marc Dreier, has been ordered to testify in-person at a trial regarding his former law firm. 

  
What
Where


A federal judge ordered Marc Dreier to testify in person in a trial surrounding his bankrupt law firm, according to Bloomberg. Dreier is a lawyer from New York who has been convicted of defrauding his hedge fund clients of more than $400 million.

Dreier is in the midst of serving a sentence of 20 years at Sandstone Federal Correctional Institution in Minnesota. He asked U.S. District Judge Alvin Hellerstein to permit him to testify via phone or video instead of appearing in person at the United States Bankruptcy Court in Manhattan.

When he asked Judge Hellerstein, he said that he has already met with the trustee appointed to him by the court multiple times. The meetings are about the firm he founded, Dreier LLP.

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!!




“While I do not expect the parties or the court to be especially sympathetic to my own hardship, I point out that if I am compelled to be in New York I face an ordeal that entails several weeks of travel in each direction, handcuffed and shackled the whole time, with layovers in county courts and a stay of indefinite duration” in the federal jail in Lower Manhattan, Dreier wrote in a letter.

“I am being asked to testify on a very narrow and seemingly incontestable point, i.e., whether I engaged in a Ponzi scheme, a fact I have already conceded in open court,” Dreier said in the letter.



The request was denied by Hellerstein on Tuesday, claiming that Dreier was unable to change the judge’s mind from when he requested the same thing earlier in the month.

In May of 2009 Dreier entered a guilty plea to conspiracy, money laundering, securities fraud and wire fraud after he admitted to stealing $400 million. He stole the money by selling fake notes to hedge funds in order to subsidize his law firm and purchase luxury items for himself.

He has been ordered to pay restitution of $387.7 million. The lawyer representing Dreier is Gerald Shargel.



 

RELEVANT JOBS

Associate Attorney

USA-PA-Exton

ASSOCIATE ATTORNEY McKenna Snyder LLC, a law firm in Exton, PA has an immediate opening for an ex...

Apply now

Attorney

USA-MI-Sturgis

Qualifications: HaasCaywood is seeking associate attorneys for our Coldwater and Sturgis, Michiga...

Apply now

Attorney

USA-MI-Coldwater

Qualifications: HaasCaywood is seeking associate attorneys for our Coldwater and Sturgis, Michiga...

Apply now

Deputy General Counsel / Senior Deputy General Counsel

USA-CA-Sacramento

Cal Cities Culture and Mission Cal Cities is dedicated to creating a collaborative and inclusive ...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Education Law Attorney

USA-CA-El Segundo

El Segundo office of a BCG Attorney Search Top Ranked Law Firm seeks an education law attorney with ...

Apply Now

Education Law Attorney

USA-CA-Carlsbad

Carlsbad office of a BCG Attorney Search Top Ranked Law Firm seeks an education law attorney with 4-...

Apply Now

Education Law and Public Entity Attorney

USA-CA-El Segundo

El Segundo office of a BCG Attorney Search Top Ranked Law Firm seeks an education law and public ent...

Apply Now

Most Popular

SEARCH IN ARCHIVE

To Top