More From Dreier Article

Mr. Dreier’s résumé included high-level stints at Rosenman & Colin and at Fulbright & Jaworski, where he was head of the litigation department. His credentials and his no-nonsense demeanor helped him attract talent to his legal firm.
He has a triplex apartment on the East Side of Manhattan, along with a house near the beach in Southampton, N.Y., and a 120-foot yacht. The walls of his Park Avenue office drip with expensive modern art, and he kept three personal assistants busy.
The criminal complaint, sworn out by James J. Otten, an investigator with the U.S. attorney’s office, tells a remarkable story of hubris.
The seven-page document, which was filed under seal on Thursday and made public on Monday, details three schemes and charges Mr. Dreier with one count each of wire fraud and securities fraud.
In one scheme, it says, Mr. Dreier sought to sell a total of $146 million worth of bogus promissory notes that he created using the name of a real estate firm, unnamed in the complaint. He convinced a receptionist at the Manhattan offices of the firm (which people involved in the matter said was Solow Realty, a firm that had in the past retained Mr. Dreier) that the firm’s chief executive had authorized him and three other people to use a conference room for a meeting with the executive.
In fact, the chief executive had not scheduled such a meeting. But he later saw Mr. Dreier conducting a meeting in Solow’s conference room, where he was negotiating to sell the notes.
At some point in the investigation, according to the complaint, a cooperating witness secretly recorded Mr. Dreier admitting that he had “participated in the fabrication” of certain financial statements that he was to give to a hedge fund. On the tapes, the government contends, Mr. Dreier “further stated that he was ‘ashamed’ of his role in fabricating the documents and that it was “very serious what’s happened here.’ ”