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From LawCrossing.com:
Last week’s revelation of the sole equity partner at Dreier LLP scamming and scheming to obtain funds for the law firm will have widespread effects.
Marc Dreier has been arrested and charged in Canada for impersonating another person; was caught on tape confessing to a $100 million dollar scam to a government informant; and now an array of SEC filings allege that funds are missing from clients’ escrow accounts, according to the Wall Street Journal.
According to a declaration by the firm’s controller John Provenzano, millions of dollars owed to clients appeared to be missing from the firm’s accounts. Asked for comment Tuesday night, Dreier’s attorney, Gerald Shargel, told the Wall Street Journal that: “We’re considering our options and [we] will make our position known on Thursday with respect to the underlying issues.”
-JIllian Manning
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