Dreier Trustee Settles With 2 Ponzi Victims For $26M

Law360, New York (August 24, 2011, 7:41 PM EDT) -- Dreier LLP's trustee told a New York bankruptcy court on Tuesday she has inked settlements with Concordia Advisors LLC and Meyer Ventures LLC — victims of convicted ex-attorney Marc Dreier's Ponzi scheme — for $16.5 million and $9.8 million, respectively.

Hedge fund manager Concordia and venture capital firm Meyer Ventures were victims of a Ponzi scheme orchestrated by Dreier that peddled fraudulent promissory notes, according to court documents filed by Chapter 11 Trustee Sheila M. Gowan, who asked the court to approve the settlement agreements....
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