The allegations against Marc Dreier, the sole equity partner in Dreier LLP, were made public last month and there is not much new to report from the grand jury indictment but there are a couple new noteworthy details.

It was originally thought that Dreier started his scheme in 2006,  but the bogus securities that he sold to investment fund clients now date back as far as 2004. Also, he allegedly stole an undetermined amount of client cash by swiping it from escrow accounts. So after these new allegations, the total amount that Dreier is said to have pocketed is now over 400 million dollars.

Accompanying those 400 million dollars and the other millions he had made legally, Dreier’s assets are also to include priceless, classic pieces of work from artists such as Mark Rothko, Henri Matisse and Andy Warhol.

He does have one very recent piece, though — a 2006 high-definition video the noted New York photographer Robert Wilson took of actress Salma Hayek.

I wonder how much he paid for that.

Check out the original article here.

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