Thursday, March 26, 2009

Dreiert Trustee Recovers $100 Million in Assets

In his report to the court, the Dreier Trustee says that he has recovered over $100 million in assets, including an 18 million dollar yacht and 39 million in artwork.

The story is at DealBook, take a look at this lifestyle, apparently all financed by selling fraudulent notes. The interesting part is that the theory is that he kept selling the notes to continue the lifestyle! How about selling the 39 million in art work?

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