Marc Dreier, the once prominent attorney now accused of duping investors of $400 million in a grifting scheme, was given $20 million bond, which he says he cannot pay. Dreier's lawyer Gerald Shargel pointed out that Bernard Madoff (pictured)—who swindled people out of an estimated $50 billion—was given $10 million bail and thinks Dreier's conditions shouldn't be stricter than Madoff's. However, U.S. Magistrate Judge Douglas Eaton, who had set Madoff's bail, said, "I think the risk of flight is greater in Mr. Dreier’s case than in Mr. Madoff’s case." Hmm, Dreier didimpersonate a lawyer while trying to scam a Canadian pension fund. And one of Dreier's bond co-signers was to be his 19-year-old son, who the feds say is not responsible; Spencer Dreier, per Bloomberg News, allegedly tried to transfer his dad's Hamptons properties "after a freeze order was in effect, and...directed the staff aboard his father’s yacht not to bring the vessel to the U.S."
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