Alexa

NYC lawyer accused of $380M scam argues for bail

NYC lawyer accused of $380M scam argues for bail

A prominent New York City lawyer accused of cheating hedge funds in a $380 million investment scam is arguing for his own bail, saying his foreign connections are weak and he won't flee.
Marc Dreier cited his strong U.S. connections and weak foreign ties Thursday in a declaration to the magistrate judge presiding over his criminal case.
The 58-year-old Dreier has been jailed without bail since he was arrested in early December as he returned from Canada.
Dreier led a law firm with more than 200 lawyers before his arrest. His assets have been put in receivership.
A spokeswoman for federal prosecutors says she has no comment.


Updated : 2020-12-02 03:35 GMT+08:00