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.
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And we are worried about the optics of Wells Fargo going to Vegas?
Read the original post, and comment, over at DealBreaker.