Marc Stuart Dreier (born May 12, 1950), is an American lawyer who was sentenced to 20 years in federal prison in 2009 for committing investment fraud using a Ponzi scheme. He is scheduled to be released from FCI Sandstone on October 26, 2026. The Ponzi scheme began in 2004 and he was arrested when Bernard Madoff confessed to his fraud. On May 11, 2009, he pleaded guilty to eight charges of fraud in the United States District Court for the Southern District of New York. The eight charges included one count of conspiracy to commit securities fraud and wire fraud, one count of money laundering, one count of securities fraud, and five counts of wire fraud in a scheme to sell $700 million in fictitious promissory notes. Civil charges, filed in December 2008 by the U.S. Securities and Exchange Commission, are pending.
He is the sole equity partner of the dissolved law firm, Dreier, LLP. On October 8, 2009, the state of New York disbarred him. He had been admitted in May 1976.
Read more about Marc Stuart Dreier: Early Life, Education, and Career Milestones, Dreier LLP, SEC Civil Charge, Assets, Event Timeline
Famous quotes containing the words marc and/or stuart:
“Let us be realistic and demand the impossible.
[Soyons réalistes, demandons l’impossible.]”
—Graffito. Paris ‘68, ch. 2, Marc Rohan (1988)
“The distractions, the exhaustions, the savage noises, the demands of town life, are, for me, mortal enemies to thought, to sleep, and to study; its extremes of squalor and of splendor do not stimulate, but sadden me; certain phases of its society I profoundly value, but would sacrifice them to the heaven of country quiet, if I had to choose between.”
—Elizabeth Stuart Phelps (1844–1911)