{"id":10989,"date":"2009-07-09T00:00:00","date_gmt":"2009-07-09T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"dreier-describes-downfall-in-letter-seeking-rational-term-for-fraud-theft","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2009\/dreier-describes-downfall-in-letter-seeking-rational-term-for-fraud-theft.html","title":{"rendered":"Dreier Describes Downfall in Letter Seeking &#8216;Rational&#8217; Term for Fraud, Theft"},"content":{"rendered":"<p>Law.com &#8211; Marc S. Dreier on Wednesday sent <span class=\"linelink\">a confessional letter to the federal judge who will sentence him on Monday (pdf)<\/span>, describing in remarkable detail how he funded the once-admired expansion of Dreier LLP by committing frauds totaling more than $400 million. <\/p>\n<p>Facing a recommendation from the government that he serve the rest of his life in prison but pleading for a measured sentence, Dreier, 59, said his seven-year downward spiral began with a simple theft from a client settlement fund and ended at the point where &quot;I found myself running a massive Ponzi scheme with no apparent way out.&quot; <\/p>\n<p>Dreier&#8217;s letter was submitted as defense attorney Gerald L. Shargel and Assistant U.S. Attorney Jonathan R. Streeter sent competing memos to Southern District of New York Judge Jed S. Rakoff taking a dramatically different view of the U.S. Sentencing Guidelines. <\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.law.com\/jsp\/article.jsp?id=1202432118412&#038;FORM=ZZNR\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Law.com &#8211; Marc S. Dreier on Wednesday sent a confessional letter to the federal judge who will sentence him on Monday (pdf), describing in remarkable detail how he funded the once-admired expansion of Dreier LLP by committing frauds totaling more [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[6850,13971,4552,6199,9050,13976,1713,8850,13977,4248,13972,13975,13974,13973,4407,6198,8017],"class_list":["post-10989","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-defense-attorney","tag-downward-spiral","tag-dreier","tag-federal-judge","tag-frauds","tag-jed","tag-jonathan","tag-life-in-prison","tag-memos","tag-ponzi-scheme","tag-remarkable-detail","tag-sentencing-guidelines","tag-settlement-fund","tag-shargel","tag-southern-district-of-new-york","tag-streeter","tag-york-judge"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10989","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=10989"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10989\/revisions"}],"predecessor-version":[{"id":37452,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10989\/revisions\/37452"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}