$100M In Dreier Assets Found, But Most Spent: Report

Law360, New York (March 26, 2009, 12:00 AM EDT) -- The court-appointed receiver overseeing the Marc Dreier fraud case has been able to recover about $100 million in assets from the accused swindler, but the New York attorney appears to have squandered the bulk of the money he allegedly earned from his fraudulent scheme on artwork, yachts and other luxury items.

A report filed by receiver Mark Pomerantz in February was made public Wednesday, showing that he had been able to secure some of the proceeds allegedly derived from the sale of false promissory notes after...
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