Dreier Heads to Federal Prison in Minnesota

Dreier Heads to Federal Prison in Minnesota - 9-2-2009

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2009 News and Press Releases

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News	News 2009
HEADLINES \| SETTLEMENTS AND DISMISSALS \| COURT FILINGS LINKS TO OTHER NEWS \| NEWS ARCHIVE	HEADLINES ARCHIVED SETTLEMENTS AND DISMISSALS ARCHIVED

HEADLINE NEWS:

Dreier Heads to Federal Prison in Minnesota
Noeleen G. Walder

www.Law.com. September 2, 2009
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EXCERPT: Disgraced attorney Marc S. Dreier is en route to the Federal Correctional Institution in Sandstone, Minn., where he will serve his 20-year sentence for fraud. […] Dreier, 59, the sole equity partner in Dreier LLP, pleaded guilty on May 11 to selling more than $700 million in bogus real estate and pension plan notes to investors. At a July 13 sentencing hearing, Southern District of New York Judge Jed S. Rakoff recommended that the lawyer serve his sentence at the Allenwood Federal Correctional Complex in Pennsylvania (NYLJ, July 14) after being temporarily jailed at the Metropolitan Correctional Center. But the Federal Bureau of Prisons ultimately rejected Rakoff's recommendation and assigned Dreier to Sandstone. Kramer said Dreier remains at a holding center in Oklahoma City and will be transferred when authorities are ready for the move.

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