What do you do when maintaining the artifice of your series of fraudulent transactions is threatened by the credit crunch? Why, impersonate a pension fund lawyer and get $50 million from Fortress, of course.
According to people familiar with the matter, Mr. Dreier was attempting to secure tens of millions of dollars from Fortress Investment Group LLC, a New York asset-management firm, by impersonating an Ontario Teachers’ Pension Plan attorney in a sham business transaction. Fortress asked for certain guarantees from the pension plan, which Mr. Dreier represented to be involved in the deal when it wasn’t, these people allege. These people say problems arose for Mr. Dreier when Fortress representatives wanted to meet with pension-plan managers in person.
On Tuesday, Mr. Dreier arranged a meeting in Toronto with Ontario Teachers’ on an unrelated matter, gaining him access to their offices, the people familiar with the matter said. They said that instead of leaving after the meeting, Mr. Dreier waited in the office for the arrival of Howard Steinberg, a Fortress executive, who thought he was meeting with an Ontario Teachers’ lawyer.
The people familiar with the matter allege that Mr. Dreier intercepted the Fortress executive, took him to a conference room, and began a meeting in which he pretended to be Michael Padfield, an in-house lawyer with the pension plan. According to the people familiar with the situation, Mr. Dreier handed out a business card with Mr. Padfield’s name and signed documents as Mr. Padfield. Mr. Padfield couldn’t be reached for comment.
Mr. Steiberg got suspicious and Dreier wandered off, got in the elevator and vanished.
“Hi, I’m Mr. Dreier…er… Padfield… damn! Can we start over?” apparently didn’t go so well.*
*Ok, so we made that up.
Dreier Faces Federal Charges [The Wall Street Journal]
I don’t see what the problem is. Donald Trump does this sort of thing all the time and Fortress does business with him….
Ballsy move, are you sure this guy is not a former CDO salesman with Citi?
His new york lawfirm is toast. Shows you what goes into building a big lawfirm. Needs a lot of cash for working capital.
Who’s the douche behind him? Nice hair.
@1 You’re an idiot, who wouldn’t recognize the Donald?
Too Angry Robert Wagner-y; Didn’t Read
harvard law. yale ba
This is like that time that Zach defrauded the Bayside Pension Fund by hiring an actor to play Mr. Belding. Remember that episode?
“This is like that time that Zach defrauded the Bayside Pension Fund by hiring an actor to play Mr. Belding. Remember that episode?”
—
There no hope… with… defrauding Jews?
“This is like that time that Zach defrauded the Bayside Pension Fund by hiring an actor to play Mr. Belding. Remember that episode?”
—
There no hope… with… defrauding Jews?
dWayne wants to know who the zabbo with the red hair and turtle neck is? His fun-boy son?
Too “Three’s Company”
Fortress is still investing??
GIVE THESE GUYS ALL YOUR MONEY RIGHT NOW
http://www.youtube.com/watch?v=m54bAfxgYPw&fmt=22
this is what you look like after a few days in a Canadian gulag
like the son dWayne? I think he’s cute.
That’s not his son, it’s Johnny Whitaker’s son.
It won’t be long before we learn that he recently stopped using his lithium and family members began to speak of his “erratic” behavior.The mandatory psyche exam follows and his lawyers will plead for mercy because Christmas is coming and…
His jag was found this afternoon with the words “Gasbag did it” scrawled in dust on the hood.
A Japanese bank impostor did this last year to Lehman and got away with-it…
google it
A Japanese bank impostor did this last year to Lehman and got away with-it…
http://blogs.wsj.com/deals/2008/05/27/japan-fraud-lawsuit-should-lehman-have-known-better/
That must be his red headed step child that he is going to beat the hell out of once they get in the limo.
#5 you’re downright stupid.