New York lawyer sentenced to 20 years in $700M fraud

07/14/2009 | Wall Street Journal, The

New York lawyer Marc Dreier was sentenced to 20 years in prison by U.S. District Judge Jed Rakoff in Manhattan. Dreier confessed that he tried to sell $700 million in fake promissory notes and that he stole money from his clients. In addition to the prison term, Dreier was ordered to pay $387.7 million in restitution.

View Full Article in:

Wall Street Journal, The

Published in Brief: