Penthouse Arrest For EVERYONE!

Author:
Publish date:

Clearly, major fraud defendants have the best racket going- unless you just can't live without the Deli down the street. First Madoff, now this:

A federal judge says a prominent New York lawyer accused of defrauding investors of more than $400 million can be freed under house arrest.
Judge Jed Rakoff on Thursday lifted financial requirements that had forced Marc Dreier to remain jailed.
Last month, a magistrate judge had required that Dreier produce $10 million in cash or property to secure a $20 million bail.

And we are worried about the optics of Wells Fargo going to Vegas?
House arrest for lawyer in $400M fraud case [Business Week]

Related