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The former attorney and convicted Ponzi schemer gave his first interview since his June sentencing, a tell-all account in Vanity Fair entitled Marc Dreier's Crime of Destiny. The article is bent on making sense of just how Dreier, 59, pulled off a $380 million fraud for four years. Now serving 20 years for ripping off 13 hedge funds, Dreier in the piece describes how he came up with the idea of selling dozens of phony notes after a particularly dark period of time in his life. He divorced his wife in 2002 and dissolved a law firm, Dreier, Baritz & Federman. While walking along the beach behind his Westhampton Beach, N.Y., home, he says he experienced "a moment of clarity" after seeing a palatial beach house he had always wanted. Dreier said in the interview: "I wanted to just, well, appease myself. Well, not to appease myself. Gratify myself ... I was very, very caught up in seeing the criteria of success in terms of professional and financial achievement, which I think was a very big part of the problem. But I thought it would make me happy. And I wanted to be happy again." This moment of clarity having clouded his judgment, Dreier embarked on a Ponzi scheme that was only dwarfed by Allen Stanford and Bernard L. Madoff, who are both now behind bars. Meanwhile, the new law firm Dreier started, Dreier LLP, continues to be liquidated by Mark Pomerantz, the receiver appointed by the U.S. Bankruptcy Court for the Southern District of New York in Manhattan after its Dec. 16 filing. - Carolyn Okomo Also see Dealwatch: Ponzi schemes, fraud and other misdeeds
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Disgraced attorney Marc Dreier has officially started his comeback -- or at least the public relations blitz designed to help his comeback has begun.
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