Wednesday, December 17, 2008

FRAUD!

Marc Dreier was arrested in New York and accused of selling sham investments to hedge funds.

White-collar crime is about to make a lot more headlines.

The stunning arrests last week of prominent Wall Street trader Bernard Madoff for allegedly running a US$50-billion "Ponzi scheme" and law-firm owner Marc Dreier for allegedly selling US$100-million worth of sham investments probably only mark the beginning of a new wave of corporate chicanery cases, legal experts say.

International Hearld Tribune



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