New York investment fraud lawyer Marc Dreier bailed out!

Manhattan U.S. District court judge releases indicted $400 million fraud lawyer.

New York, NY (–Breaking News: Late today a U.S. District Judge in Manhattan released indicted lawyer, Marc Dreier, on a $10 million bond. As reported by Reuters, Dreier, a high profile New York attorney for 30 years, was indicted by a U.S. federal grand jury for securities fraud, conspiracy, wire fraud, misrepresenting hedge funds and investment funds in New York and Canada. Prosecuting attorneys allege Drier orchestrated a $400 million investment fraud.

Drier has since pleaded not guilty and has remained in his Manhattan jail cell since his arrest and arraignment on December 7, 2008. The 30 year attorney is the founder of a 250 member firm and posted bail in Canada after he was arrested on similar charges in early December. The judge released Drier to a private security company monitoring his house arrest at his upper East Side neighborhood apartment. His house arrest bill for three months will total over $210,000 and the Harvard Law School graduate is currently barred from using computers. breaking legal news for New York business litigation lawyers.

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