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: Legal Pad | LADreier charges send cross country reverberations
By Richard Binder
On Monday, Marc Dreier, founder and managing partner of Dreier LLP, a law firm in New York, was charged with one count of securities fraud and one count of wire fraud, both of which involve a maximum sentence of 20 years in prison. Federal prosecutors in New York claim Dreier was the mastermind behind a more than $100 million investment fraud involving at least three hedge funds.
The revelations sent shockwaves across the country where 100 lawyers and other professionals at four law firms and consulting companies in Los Angeles, many of them in the entertainment business, have various ties to him.
Read reaction here.
Full post as published by Legal Pad | LA on December 09, 2008 (boomark / email).
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