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.
Famous quotes containing the words marc and/or stuart:
“Let us be realistic and demand the impossible.
[Soyons réalistes, demandons limpossible.]”
—Graffito. Paris 68, ch. 2, Marc Rohan (1988)
“I can remember no time when I did not understand that my mother must write books because people would have and read them; but I cannot remember one hour in which her children needed her and did not find her.”
—Elizabeth Stuart Phelps (18441911)