{"id":9387,"date":"2008-12-17T00:00:00","date_gmt":"2008-12-17T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"prominent-ny-law-firm-to-seek-bankruptcy","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2008\/prominent-ny-law-firm-to-seek-bankruptcy.html","title":{"rendered":"Prominent NY law firm to seek bankruptcy"},"content":{"rendered":"<p>KWCH.com &#8211; A prominent New York law firm is expected to seek bankruptcy protection.<\/p>\n<p>That&#8217;s according to a receiver appointed to run the firm &#8212; which has been scandalized by charges that its founder was behind a massive fraud.<\/p>\n<p>The receiver also predicted that the founder &#8212; Marc Dreier &#8212; will soon seek bankruptcy protection as well.<\/p>\n<p>Dreier was jailed last week after being charged in a criminal complaint and by the Securities and Exchange Commission in the alleged sale of fraudulent promissory notes.<\/p>\n<p>He&#8217;s accused of an elaborate charade aimed at convincing three hedge funds that the investments were real.<\/p>\n<p>Prosecutors have estimated total loses could top $380 million.<\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.kwch.com\/Global\/story.asp?S=9533485\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>KWCH.com &#8211; A prominent New York law firm is expected to seek bankruptcy protection. That&#8217;s according to a receiver appointed to run the firm &#8212; which has been scandalized by charges that its founder was behind a massive fraud. The [&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":[2029,1049,298,4209,20,34,4128,149],"class_list":["post-9387","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-bankruptcy-code","tag-chief-financial-officer","tag-department-of-finance","tag-longstanding-leader","tag-new-marketplace","tag-news-press","tag-pitta","tag-proceeds"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9387","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=9387"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9387\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9387"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9387"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9387"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}