Marc Dreier Indicted for Fraud

The founder and former managing partner of New York law firm Dreier LLP, Marc Dreier, was formally indicted Thursday afternoon on charges stemming from fraud allegations of more than $400 million against clients and investment funds.

The U.S. attorney for the Southern District of New York charged Dreier with conspiracy to commit fraud by embezzling company funds and selling fake notes from a real estate developer and several Canadian pension plan companies. The Justice Department also alleges he impersonated people from the companies to sell the investments in phone calls, using fake e-mail addresses and false financial documents.

Assistant Editor

Christopher Danzig

Bio and more articles

Join the Conversation

Advertisement. Closing in 15 seconds.