Dreier Gets 20 Years Behind Bars

Law360, New York (July 13, 2009, 12:00 AM EDT) -- Tarnished lawyer Marc Dreier has been ordered to serve 20 years behind bars for carrying out a $400 million fraud that left a trail of victims including investors and Dreier's now-defunct New York law firm in its wake.

On Monday, U.S. District Judge Jed Rakoff ordered Dreier to spend the next two decades of his life in prison but stopped far short of handing him the 145 years that prosecutors originally wanted.

Dreier must also fork over $387.7 million in restitution and hinted that he would...
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