Legal News

A Look at Marc Dreier?s Worldly Possessions

By Nathan Koppel

“Big Thief,” by Tom Otterness (Photo Credit: Mark Luttrell)

Former lawyers at Dreier LLP – and other interested observers – have speculated that the alleged fraud by Marc Dreier (see here and here) was motivated in part by his healthy spending habits.

This Jan. 13 court filing, which surfaced today in the SEC’s fraud suit against Marc Dreier, offers the most detailed look yet at the attorney’s supposed holdings. The filing concerns efforts by the SEC and federal prosecutors to catalogue and freeze Dreier’s assets.

And oh what assets they are. Check out Exhibit A, a 10-page list of property, including more than 100 works of art, allegedly owned by Dreier. Herewith, a sample:

Boats

• “Seascape,” 2005 Hessen Motor Yacht
• 2008 Novorunia Equator Yacht Tender
• Yamaha Waverunners (4)

Cars:

• 2007 Aston Martin DB9 Volante
• 2006 BMW 650i convertible
• 2000 Mercedes Benz S500 Sedan
• 1997 Mercedes Benz SL500 Roadster

Art:

• “Chair with Book on Red Carpet,” David Hockney
• “First Painting with Bottle,” Roy Lichtenstein
• “Blue Jackie,” “White Jackie,” “Jackie Profile Looking Down,” Andy Warhol
• “Portrait of a Girl,” Pablo Picasso
• “Grand Masque,” Henri Matisse
• “Big Thief,” Tom Otterness (pictured)

Real Estate

• New York City apartment on E. 58th street
• Hamptons homes (3)
• West Indies condos (2)

Full post as published by Law Blog - WSJ.com on January 15, 2009 (boomark / email).