Dreier’s Victims Listed In Court Order
The other day, U.S. District Court Judge Jed S. Rakoff entered an amended restitution order in the Marc Dreier case; the judge ordered Dreier to pay more than $388 million in restitution. The order is interesting for a number of reasons, including the schedule of “victims” entitled to restitution.
The two dozen or so individuals and entities listed in the order include investors who bought the fake notes Dreier was selling and others he defrauded. The large ones are Concordia Advisors (owed about $22 million), Elliot Associates (owed about $100 million), and Eton Park Asset Management (owed about $71 million). Fortress is owed about $84 million, Meyer Venture Partners is owed about $13 million, and Perella Weinberg Partners is owed about $35 million.
Various other creditors, including Nike (owed about $240,000) fill out the list.
The amended restitution order is available at U.S. v. Dreier, S1 09 CR 085 (JSR) (S.D.N.Y. Aug. 18, 2009).
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