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Counsel: Disgraced NYC lawyer pleads guilty in May
Lawyer News | 2009/04/27 08:46
pAn attorney for a prominent New York City lawyer accused in a $700 million fraud says his client will plead guilty next month to all the charges he faces./ppDefense attorney Gerald Shargel said Monday his client Marc Dreier (DRY'-ur) will enter the plea May 11 to securities fraud, wire fraud and money laundering charges./ppShargel says Dreier wants to enter the plea to demonstrate his acceptance of responsibility and his profound remorse./ppUntil December, Dreier had led a law firm with 250 attorneys and celebrity clients. He was arrested after hedge funds complained he was stealing from them./ppProsecutors say the 58-year-old could face a maximum of 30 years to life in prison./p


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