Penthouse Arrest For EVERYONE!

[Ed. note: This is a cross-post from one of our sister sites, Dealbreaker, which we thought you might appreciate because of its focus on an ATL celebrity: the recently indicted, high-profile litigator, Marc Dreier.]

Clearly, major fraud defendants have the best racket going- unless you just can’t live without the Deli down the street. First Madoff, now this:

A federal judge says a prominent New York lawyer accused of defrauding investors of more than $400 million can be freed under house arrest.

Judge Jed Rakoff on Thursday lifted financial requirements that had forced Marc Dreier to remain jailed.

Last month, a magistrate judge had required that Dreier produce $10 million in cash or property to secure a $20 million bail.

And we are worried about the optics of Wells Fargo going to Vegas?

Read the original post, and comment, over at DealBreaker.

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