Lawyer Gets 20 Years in $400 Million Fraud

Readers may recall that Marc Dreier was in Toronto last year and was caught impersonating someone else. Toronto was the start of the end... .

Lawyer Gets 20 Years in $400 Million Fraud

By THE ASSOCIATED PRESS

NEW YORK (AP) -- A once-prominent Manhattan attorney was sentenced Monday to 20 years in prison for a hatching a massive fraud in a desperate attempt to keep his law firm afloat and bankroll a lavish lifestyle.

Marc Dreier, 59, had pleaded guilty to a $400 million scheme that, though dwarfed by Bernard Madoff's multibillion dollar swindle, was so outlandish prosecutors labeled him "the Houdini of impersonation and false documents."

"I'm sorry -- deeply sorry -- for the harm and sadness I've caused to so many people," Dreier said before hearing the sentence. He was later led out of court in handcuffs.
James Morton
1100-5255 Yonge Street
Toronto, Ontario
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