Newsmaker

Every Friday, we choose an alum who has been making headlines—for better or for worse.
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Marc Dreier ’72

By the staff | 9:27am December 12 2008

In a week dominated by the spectacular charges against Illinois governor Rod Blagojevich, it takes a lot to get noticed. But Marc Dreier ’72, sole owner of the 250-person New York law firm that bears his name, got his share of attention when he was arrested on federal fraud charges on December 7. Federal prosecutors allege that Dreier forged promissory notes and other documents to steal $380 million from hedge funds and other investors—$100 million from two hedge funds in one instance alone. That’s on top of the odd incident last week in which he was arrested for impersonating another lawyer at a meeting with a pension group in Toronto. At Dreier’s bail hearing on December 11, Assistant U.S. Attorney Jonathan Streeter called him “the Houdini of impersonation and false documents.” But then, Yalies love to excel in their fields.

Filed under fraud, lawsuit
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