Marc Dreier may be getting bumped from the spotlight pretty quickly. “Legendary” trader Bernard Madoff had been charged by the SEC with absconding with more than $17 billion (yes, “billion with a B”) of his hedge fund clients’ money. The whole thing was reportedly a giant (to massively understate things) Ponzi scheme. Clusterstock is keeping a running list of the purported victims.
I was pretty impressed with Dreier’s chutzpah, but Madoff just brought swindling to a whole new level.
No BigLaw connection yet, but I expect some of the hedge funds, if not the defendant, will be retaining our colleagues presently.
Previously: No Bail for Dreier
Related posts:
This website uses IntenseDebate comments, but they are not currently loaded because either your browser doesn't support JavaScript, or they didn't load fast enough.
0 Responses
Stay in touch with the conversation, subscribe to the RSS feed for comments on this post.