Profile of a Scumbag To Rival Madoff
Not a lot of people in Silicon Valley seem to be paying attention the incredible story of Marc Dreier, the Manhattan attorney arrested in December and accused of cheating more than a dozen hedge funds out of hundreds of millions of dollars. Perhaps it partly owes to geography; though Dreier’s firm had numerous offices, including in New York, Stamford, Conn., L.A., and Santa Monica, he never set up shop in Northern California. Silicon Valley isn’t home to many hedge funds, either. Yet Dreier’s deception, we’re learning, was as far-reaching as his sprawling practice, and I suspect that when all is done and the breadth of his reach is revealed, we’ll learn that his crimes hit closer to home than first imagined. I've already heard talk of one high-profile Valley victim. (I haven’t been able to confirm yet.) In a lesser case, just weeks before Dreier was picked up by authorities, CNet founder Halsey Minor retained the firm to sue the auction house Christie’s on his behalf.
