New York, NY —
First we heard about Marc Dreier, the Manhattan attorney who allegedly scammed investors out of $380 million through impeccably orchestrated schemes.
And then late yesterday we learned that the SEC and FBI have each brought fraud charges against of Bernard Madoff, a hedge fund operator who allegedly stole $50 billion in a sophisticated ponzi scheme that played out for years.
Greg David, the editor of Crain's shares his insights on both stories and on the deteriorating local economy.
