Marc Dreier was one of the more infamous New York lawyers to face the music for his $400 million theft and for which he is currently serving a 20 year jail sentence.
But the lawyer is due back in court now after a federal judge ordered him to testify in a trial regarding his once high profile law firm.
Dreier requested to provide evidence via video or phone after saying he had met on numerous occasions with the firm’s trustee.
“While I do not expect the parties or the court to be especially sympathetic to my own hardship, I point out that if I am compelled to be in New York I face an ordeal that entails several weeks of travel in each direction, handcuffed and shackled the whole time, with layovers in county courts and a stay of indefinite duration” in the federal jail in Lower Manhattan, Dreier said in a letter that also includes a series of legal citations.
“I am being asked to testify on a very narrow and seemingly uncontestable point, i.e., whether I engaged in a Ponzi scheme, a fact I have already conceded in open court,” Dreier said in the Sept. 15 letter, which was made public today.
Hellerstein today denied Drier’s request, saying he hasn’t been persuaded to change his mind from earlier in the month when he ordered the convicted lawyer to appear in court for the trial.
Dreier pleaded guilty in May 2009 to money laundering, conspiracy, securities fraud and wire fraud after admitting to stealing $400 million by selling fake notes to hedge funds to subsidize his firm and buy luxuries for himself, including a 121-foot yacht and $39 million in contemporary art.