The lines have been drawn for Monday’s sentencing of attorney Marc Dreier for defrauding hedge funds and other victims of more than $400 million through a series of schemes over a seven-year period.
Defense attorney Gerald Shargel, in papers filed Wednesday, makes a direct appeal to Southern District Judge Jed Rakoff for a sentence that is “both rational and proportionate”— a non-guidelines sentence somewhere between 10 years and one month and 12 years and seven months in prison. Assistant U.S. Attorney Jonathan Streeter has another number in mind in his own sentencing memorandum — 145 years in prison, or, in the alternative, “a term of years that would both assure that Dreier will remain in prison for life and emphatically promote general deterrence.”
