His Investment Fraud Was Even More Audacious Than Madoff's
publication date: Oct 7, 2009
60 Minutes Correspondent Steve Kroft got an exclusive interview with attorney Marc Dreier who perpetrated a massive investment fraud. What's fascinating about this case is what Dreier did and the apparent honesty of his interview in revealing exactly how he committed the fraud and why. You can learn some powerful lessons by listening and thinking about this.
Particularly notable is the fact that Dreier ripped off supposedly sophisticated investors: hedge funds! Of course, numerous hedge funds stupidly invested with Bernie Madoff.