Attorney Marc Dreier|Faces More Charges

MANHATTAN (CN) - A superseding indictment accuses attorney Marc Dreier of selling more than $700 million in "fictitious promissory notes," misappropriating more than $400 million of it, adds a money laundering count, and seeks seizure of more of Dreier's property, including real estate, a yacht and art works.

Federal prosecutors announced the superseding indictment on Tuesday.

Dreier, 58, founded and managed the 250-attorney law firm Dreier LLP until he was arrested in Canada late last year. He is to appear in court again on Thursday.

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.

Email *

Submit