Grand Jury Indicts Dreier On Fraud Charges

Law360, New York (January 30, 2009, 12:00 AM EST) -- A U.S. grand jury has indicted prominent New York attorney Marc S. Dreier on securities fraud charges stemming from an alleged scheme that bilked investors out of more than $400 million.

On Thursday, prosecutors said Dreier, the founder and sole equity partner of Dreier LLP, had been formally indicted in a Manhattan courtroom, charged with one count of conspiracy to commit securities and wire fraud, one count of securities fraud and five counts of wire fraud.

The indictment also demands forfeiture of the proceeds of the...
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