17 Mar 2009 12:00 AM
New Indictment Adds to Dreier Victim Tally
Indicted attorney Marc S. Dreier sold more than $700 million in phony real estate development notes and fake pension plan notes during his four-year scam, according to a superseding indictment released Tuesday. The new indictment, which adds a count of money laundering, also alleges a greater number of victims than initially thought. Although the overall loss to investors in Dreier's schemes remains roughly $400 million, the government can increase the amount it is now seeking in forfeiture.