This afternoon at a federal courthouse in midtown Manhattan,  disgraced attorney Marc Dreier is expected to enter a guilty plea for duping investors with fictitious notes.

His lawyer Gerald Shargel is feverishly working to keep him out as long as possible.

Starting with the December arrest of the former head of now defunct, 250-attorney Dreier LLP,  Shargel waged an extended battle with Assistant U.S. Attorney Jonathan Streeter to have his client released from pretrial detention, eventually prevailing when Southern District of New York Judge Jed S. Rakoff ruled Feb. 5 that Dreier could be confined to his apartment under guard pending resolution of the case.

“We’re going to have an issue about bail pending sentencing because the government is seeking to have him remanded and I’m trying to keep him out,” Shargel said Friday.\

At 5 p.m. today, “Dreier is expected to admit to every count in an indictment charging him with selling fictitious notes to at least 13 different funds and three individuals between 2004 and 2008: money laundering, conspiracy to commit securities and wire fraud, one substantive count of securities fraud and five substantive counts of wire fraud.”

The 58 year old former powerhouse faces 20 years in prison on each of the most serious charges against him. Shargel is going to fight to try and have him out while he is still alive.

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