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Big-Time N.Y. Lawyer Marc Dreier Gets 20 Years For Massive Fraud: Prosecution Asked for 145 Years

Well, Dreier’s attorney thought he should only get 10 to 12.5 years in prison. He got more. Then again, the prosecution wanted him to get a Madoff-like sentence of 145 years. Either way, here’s another guy who lived the good life and is now off to live a very bad life.

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By The Associated Press
A once-prominent Manhattan attorney was sentenced Monday to 20 years in prison for a hatching a massive fraud in a desperate attempt to keep his law firm afloat and bankroll a lavish lifestyle.

Marc Dreier, 59, had pleaded guilty to a $400 million scheme that, though dwarfed by Bernard Madoff’s multibillion dollar swindle, was so outlandish prosecutors labeled him “the Houdini of impersonation and false documents.”

“I’m sorry — deeply sorry — for the harm and sadness I’ve caused to so many people,” Dreier said before hearing the sentence. He was later led out of court in handcuffs.

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