CHAPTER TWENTY-TWO – How to Disappear from Big Brother
Marc Stuart Dreier was a lawyer and in 2009 he was arrested for a litany of fraud charges. I know it is a shocker. Imagine a lawyer committing a crime who would have thought. I watched a documentary titled Unraveled about Drier. A camera crew hung with him for thirty days prior to his sentence.
The meat of the crime was Drier approached a hedge fund company and claimed his client wanted to borrow money on the QT. The hedge fund company was interested and so Drier supplied them with bogus financial statements and brokered the phony deal. What began as a one-million-dollar fraud escalated to the tune of several hundred million bucks. That my friend is a whole lotta fritters.
Drier built a huge law firm that had offices in New York, Los Angeles, Connecticut, and a few other places. What no one knew was he was funding the law firm with stolen money. Drier owned a super cool apartment in New York, a huge house in the Hamptons, a nice place in Anguilla and a kick ass Aston Martin. His life amounted to being the boss of a law firm and the boss of a fraud firm.
In the documentary Drier talked about being in a situation where he needed to create more fraud to pay off the old fraud. Again, this was a situation where a thief had no exit plan. He kept the hamster wheel spinning and swindling more money.
Drier stated that when the market turned around and slipped it became more difficult to locate new marks to rip off. What I found interesting about Drier was when he was in Dubai he knew the end was near. He claimed he had one hundred million dollars in the bank and claimed that Dubai has no extradition. He was thinking of staying but did not want to be away from his children.
Drier returned to the US and headed up to Toronto to try one last fraud but it blew up in his face. He was arrested, convicted, and sentenced to twenty long ones.
What I do not understand about these white-collar fools who spin their wheels hustling here, defrauding there only to end up in the big house. To a degree, they are like drug lords. We all know that most drug lords will share the same destiny. What is it about those lifestyles and breeds, where neither exit the game?
Perhaps it is never the plan or fantasy to disappear with millions and billions. Maybe it is about doing the hustle, until it hustles no more.