$33M Of Warhol, Rothko Works Go To Dreier Ponzi Victim

Law360, New York (August 12, 2013, 6:12 PM ET) -- Authorities gave $33 million in artwork, including pieces by Andy Warhol, to one victim of disgraced New York attorney and convicted Ponzi schemer Marc Dreier, a settlement that comes as his bankrupt firm remains embroiled in the fallout of his arrest.

The 18 high-profile art pieces, which also included work by Mark Rothko, Roy Lichtenstein and Damien Hirst, and hung in Dreier's home, were a signature of his opulence and a vehicle for his fraud, U.S. Attorney Preet Bharara of the Southern District of New York...
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Case Information

Case Title

Dreier LLP


Case Number

1:08-bk-15051

Court

New York Southern

Nature of Suit

Date Filed

December 15, 2008