U.S. v. DREIER

No. 09 Cr. 085 (JSR).

682 F.Supp.2d 417 (2010)

UNITED STATES of America, v. Marc DREIER, Defendant.

United States District Court, S.D. New York.

February 5, 2010.


Attorney(s) appearing for the Case

Jonathan R. Streeter, Anna Elizabeth Arreola, Jeffrey Ehrlich Alberts, Sharon

Cohen Levin, U.S. Attorney's Office, New York, NY, for United States of America.


MEMORANDUM ORDER

JED S. RAKOFF, District Judge.

An under-appreciated evil of substantial frauds like those of Marc Dreier is how they pit their victims against one another. Where, as here, the funds remaining after the fraud is uncovered are insufficient to make whole Dreier's numerous victims and creditors, these unfortunates are left to squabble over who should get what. In this case, moreover, resolution of these competing claims involves consideration...

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