Dreier

Marc Dreier: An Update

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Quite some time has passed since our last discussion of Marc Dreier, the once highflying, now disgraced Manhattan litigator. We’d like to belatedly draw your attention to three items. First, an article from the New York Post:

Disgraced attorney Marc Dreier could be on the hook for $1.5 million to the white-shoe lawyers who took over his finances after he was busted in a $700 million impersonation scheme.

The eye-popping bill even includes a 27-percent discount off the fees and expenses normally charged by Paul, Weiss, Rifkind, Wharton & Garrison, court-appointed receiver Mark Pomerantz said.

Sorting through the finances of a big-time fraudster: nice work if you can get it. No wonder Paul Weiss made it to the Final Four.

Second, if you haven’t seen it already, this New York magazine article about Marc Dreier is a must-read. It contains a detailed account of Dreier’s alleged fraud, as well as a history of his colorful career prior to his arrest. The article was written by a leading chronicler of Biglaw scandal, Robert Kolker — whom you may recall as the author of a lengthy piece about Charney v. Sullivan & Cromwell. (If you don’t have time to read the whole profile, here are some highlights.)

Third, from a tipster:

A group of us visited 499 Park last month and picked through the ashes of Dreier LLP [at a property auction]. We took this picture of a notice posted on a fridge. We thought you might get a kick out of it.

Check out the photo, after the jump.

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Apparently Marc Dreier wasn’t the only thief in the house at 499 Park Avenue:

Sandwich stealing: it’s not just a Michigan thing.

The Impersonator [New York Magazine]

DREIER MAY OWE $1.5M [New York Post via Business Insider]

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Marc Dreier’s Luxury Prison Revealed! [Cityfile]

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