Marc S. Dreier, 59, the former sole equity partner of 250-lawyer Dreier LLP who in May pleaded guilty in federal court to selling more than $700 million in bogus real estate and pension plan notes, was disbarred yesterday. “As respondent’s criminal offenses, if committed under New York law would constitute felonies, they are a proper predicate for automatic disbarment,” the Appellate Division, First Department, wrote.
Mr. Dreier was suspended in December following his arrest. On July 13, Southern District Judge Jed S. Rakoff sentenced him to 20 years in prison (NYLJ, July 14). He is now at the Metropolitan Correctional Center in Chicago and will serve his sentence at a federal prison in Sandstone, Minn.
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