|Marc Dreier first court appearance after arrest|
Today the US Attorney announced that 18 pieces of artwork by well known artists such as: Andy Warhol, Mark Rothko, and Roy Lichtenstein, were transferred to a victim of the Dreier fraud. Prior to Dreier's arrest, he displayed the artwork in his residence. Dreier gave victim-1 a security interest in the artwork valued at over 30 million dollars, purportedly to secure the payment to victim-1 on promissory notes that Dreier secretly forged, and that had a face value of over $110 million.
Below is the illustration of Dreier's plea, he is seated while his attorney Gerald Shargel speaks. The courtroom was full of victims of his fraud, including Judith Reagan( in white suit) who claimed Dreier tried to extort a settlement from her and improperly disclosed her $10.75 million settlement with HarperCollins.
|Marc Dreier plea with victims in audience, including Judith Reagan former editor at Harper Collins|