About 40 years ago I was reading a cover article in a Nashville business magazine where the subject put out some information I remember to this day. He said, "If you go broke, go big broke. if you get a couple months behind on a car note the bank repos your car. If you get behind on the interest payment of a $1,000,000 loan your banker calls you up and asks if everything is OK." Always been true, is true today and will be true tomorrow.
If you steal $4000, you end up in a cell in jail, if you steal $400,000,000 you end up in your own penthouse with a bracelet and private guards. There's a lesson to be learned here.
The system is "the lie". Gold and Silver heavily manipulated Stock market heavily manipulated. Etc, etc. the "bank" literally "seriously" manipulated since the founding of America and even more so with the acceptance of the Federal Reserve. That was the lock on the door.
Quotes by Marc Dreier "The more you show people you didn't need money, the easier it was to attract money" - Marc Dreier "The more money you look for, the fewer questions people ask sometimes" - Marc Dreier
I live in a massive billion dollar Cape Cod mansion and own my own private Caribbean island with private luxury jet. Oh, Can you help me out with a few billion dollars? Lol
Steve Kroft conducted an excellent interview of Drier. Kroft is the consummate professional journalist. In this interview, he asked the questions that needed to be asked and did it in such a way where Drier didn’t feel he needed to be defensive and instead openly and, I feel, honestly answered the questions Kroft put to him. This is a fascinating case, where an intelligent, highly educated man used incredibly poor judgement in pursuit of satisfying what turned out to be his out of control ego. This should be a valuable lesson to us all: keep your ego in check and realize that nothing is worth the loss of your reputation and freedom.
At least he gave an honest interview after being caught rather than live in denial like a lot of scammers. That is something he can take to the grave in prison.
Isn't everybody like that? Most people are rarely regretful they committed their crime, and usually get caught because they keep doing until they get caught. Running red light, speeding, cheating on spouse, cheating tests, DUI....
this why I love read comments, they are always best than the report itself..thank for making me 😂😂😂so hard! I'm quiet depress these days..tough times with my small businesses
Alfonso Florio look at the crooks on Wall Street and the bankers who ran the economy into the ground in 07-08 The government gave them millions of tax payers money with no strings attached
Got off light because he didn't cost the taxpayer expense of a trial. I've seen this many times in both white and blue collar crime. When I was young, white collar crooks got off with no jail time. Some GE execs were the first to go to prison. Saw a guy who's case was similar to Dreier, decided to fight and go to trial. He ended up with a fifty year sentence. Dumb. Real dumb.
@@dondressel4802 same has happened over and over in Italy we say "you're a capitalist when you make a profit, but as soon as you have a loss you turn into a socialist". This people should really be sent to a gulag.
The more you show people that you don't need money, the easier it is to attract money. And, his other line was great too: the more you ask for, the less they question it.
Amazing how he can sit there and give this sheepish impression of a guy caught in something he wanted out of, like a drug addict who didn't want the fix but couldn't take the withdrawals. Yet when it closed in on him, he expanded the fraud like a professional con artist. They're showing him living it up as the life of the party, and he has the nerve to say if there was a way out he would have done it. Saying he succumbed to pressure like an innocent victim not a mastermind. This interview is just another example of his professional deception.
So true. I've worked with a few. They thrive on it and on playing fast and loose with people. It's just in them. And they have no remorse. I would almost rather deal with a scumbag than a sociopath.
@@user-hv1ik9li7f Thank you. I'm wondering. All you Jews out there. 8:10 He gets a little hyper when asked about betraying a former client in his office. He calls it crazy and foolish but not malevolent, because as he puts it "that's called 'chutzpah'". As if to say learning Yiddish, growing up Jewish, there's a special part of learning the Torah where you learn to have "nerves of steel" when counterfeiting people. Do you Jews discuss amongst yourselves the damage people like this do to your reputation? When anti-Semitic crimes are committed do you point to incidences, people like this and say, "He doesn't excuse crime. He doesn't excuse striking the match. However he does offer a scented candle just tempting someone to light it and start the fire."?
Perhaps oddly, I found this interview hopeful and this man courageous. If half our politicians on either side showed such candor, we may actually get somewhere...
if you ask me, this guy is a perfect example of what politicians are. they depend on charisma to manipulate people who they expect will not do their due diligence. Happens all the time.
Apologies after the fact will do little to help anyone get anywhere. Progress will be made when the crime isn't committed in the first place. It is a myth rooted in privilege of the perpetrators that these "victimless crimes" really do no real harm. I say this as an employee of a firm that just went under for much the same reasons.
It is very helpful of him to agree to the interview as we do not often hear from people like this and why they did it. I wonder what causes this? Plenty of us have a very good life as attorneys without needing the 10 floors of 600 staff or a yacht and two homes.
Chances are, paid for with stolen money he gave his mother. But then again, why ask such personal questions like where did she get the money when you're part of the gravy train?
The episode of American Greed on him goes into more detail. He actually lamented that he wasn’t getting the media attn he feels he was due cuz of Madoff’s arrest right after his. All these guys have is ego.
07:42 The moment his Narc mask slipped. He was uncomfortable with the interviewer seeing through his facade and became aroused and attempted to back track. He said, "I should have been nervous." and "I THINK I am [an emotional person]" and then proceeds to babble nonsense. He pretty much acknowledged that he lacks empathy but is terrified that humans see that vulnerable part of himself that makes him not so human. He keeps talking abut his thoughts versus his feelings and then proceeds to look up. Thinking you're sad and feeling sad are not the same. One is body based and the other is cognitive. If he felt sad he would have a feeling sensation in the body and would look down to recall and locate his feelings.
So many things. Felt like a serial killer in an interrogation room expecting someone to care or document his depraved thinking. Just a greedy, low life in a 3 piece suit, caught like a 8th grader and trying to save left over face. Harvard, law school, etc., means nothing without integrity and the basics- like knowing you're hurting people and stealing from their hard working lives and time on earth.
Kathy Hoskin because he believed in his heart of hearts that he wasn’t anything. Some people fall into that especially in New York. Everyone moves here to be a big shot and they’ll fake it until they make it no matter what
Because he was an ambitious risk taker. People like him are movers and shakers who dont settle for less. I think the problem is he needed a team as large as his law firm to get him out of the massive crater he'd dug himself into ...
No you are way low. He could be earning a million or two legally every year if he wanted to. But that would not be enough to catapult him to Manhattan big money status that he craved.
I still can’t believe the meeting he had in his old client’s office. Understand that the guy who was impersonating the x-client was in a conference room and the x-client was in the building at the same time! You talk about big balls.
@@mrsmith8737 : being a con artist or a grifter is good training for being a politician, where you have to tell lies to people or promise them things you know you can’t deliver in order to get elected. What a racket.
He's certainly just another psychopathic swindler who's playing the guilt card. He's pretty skilled at it too, I bought it for the first few minutes of the interview.
His father arrived in the US as a penniless immigrant, he made a fortune in movie theatres and no doubt hoped much better of his son. Utterly disgraceful what he did.
The guy was a swindler, a dirty rotten scoundrel no doubt. But he earns my respect because he boldly goes on 60 Minutes and is honest and up front about his crimes and shady dealings. Imagine if Bernie Madoff had done this, instead of putting on a poker face and bragging about his crimes to cell mates. It’s truly the only honorable way out once you’ve been caught, to admit what you did and answer respectful questions in full detail. That, and a lengthy prison sentence of course.
(6:25) “$20 million mistake had grown into a mistake of a FEW hundred million dollars.” HE STILL DOES NOT GET IT. A few hundred million dollars. It was $400 million! Calling it a few hundred million is putting it incredibly lightly. You might as well as say a mistake of 0.4 billion dollars. Few is not a good word to use considering it was $400 million. That’s a whole lot of millions!
Eugenius Williams : Yes, Drier is in fact Jewish. He said he had to use the money his son received for his Bar Mitzvah to buy food while he was under house arrest awaiting sentencing.
What is absolutely amazing to me is this guy has no emotions whatsoever. He does not feel the least bit bad about what he did. It's not like he acts like some evil bond villain either. He is simply indifferent to it all as if it is some TV show he is watching. These were real people who got swindled and he could care less. He is only worried about the length of his sentence and when he will get out of prison. In other words, how is this going to affect ME?
If you have a facebook account you love vanity too, and I'd wager a dollar that many of you would do what he did if you thought you could run with it indefinitely.
@Brexit Monger he is not happy in jail because its over but for him im 100% sure it was worth it, esp since he got about 500 millions to his family and friends who will give him the best prison time of his life, big tv, own room, hookers every week... . but there are endless people who would trade 20 years with 400 millions for 20 years of jail afterwards.
Brexit Monger Madoff is giving his middle finger to the world. He ain't sad. He pulled off a great scam and thoroughly enjoyed it. Look at it this way. Madoff is locked up and safe from his enemies and public embarrassment of walking the streets. Prolly has some $ stashed somewhere. I don't think Mrs. Madoff is eating at McDonald's. Well maybe so the Feds will thnk she is broke.
@@dbc7772011 My brother who is a plumber tells me they are very cheap too! My friends who have at least half a billion will not park their car in valet parking because they want to save the tip.
For a certain type of person once they attain a certain level of success and the trappings that come with it they are looking up at the next level and want to attain it. It’s about improving your circumstances, no matter how wealthy you already are. It’s the challenge that motivates them.
Love you man. Great coverage. Only from America. Things like these are hundred times more in the otherside of the big nation but never told from dictatorship.
Leslie Kendall : Drier was a prisoner in his $10.8 M penthouse in the sense that he couldn’t leave it. He couldn’t even have any knives in his kitchen (for obvious reasons).
I guess the lesson to be learned from this is that people need to be satisfied with what they have. No material possession is worth doing something illegal that could cost you everything, most importantly your reputation and your freedom.
These guys who claim they started out to be honest and 'things just got out of hand' are laughable. He simply wanted to be the richest big shot and make other people envious. He should have gotten LWOP and had to forfeit every single asset he owned. He could have earned a 7 figure income honestly, but he CHOSE to be a common thief.
Not a common thief, no not common at all- sad thing is 99%of what he did was common business practice and he only had to emulate what's already Jew wall street business as usual and over time this will erode any faith which is what the system is built on when there's no gold
"Do you know how easy it is to scam these hedgie guys? Like crazy easy. It almost seems like the crime would be to not scam them, if you think about it." -- Marc Dreier
Welp, Dreier is now 71 years old and still in prison. Unless he gets an early release he'll be in prison until 2026, when he will be 76 years old. Hope it was worth the stupid house in the Hamptons.
Greed and intelligence are incredibly potent. Probably add sociopathy to that. He didn't get remotely emotional until he started talked anout what *he* lost.
It seems like his greed in not wanting partners to spread the workload and provide brakes beacuse he wanted it all to himself Is what got the ball rolling down the hill. I guess the fences and co-signs are all there for a reason. Also ppl can be exterminly intelligent in one sphere and be completely culeless in others to the point their intelligence serves their primal impulses and what they think they lack and want. In his case the validation and lights afforded to his super start clients was the euphoria that was missing forgetting his core intelligence was that of a brief and with no one there to remind him of his role there as co-sign he let all his latent desires for grand validation run riot.
I respect him for his openness and honesty unlike Madoff. Sometimes power and money plus an ambitious driven to succeed at all cost can make monsters of a person.
If you're going to steal do it quick and do it big. A two tier legally system, rich can pay for the best legal advice and celebrities can always find someone to stand by them no matter what is said about them.
My heart goes out to those who suffered at his hands. He does however appear to have personally taken responsibility for his actions and also appears to be genuinely remorseful and repentant. I hope all involved recover.
One reporter regarded him as "well educated." "Well educated" people don't create elaborate hedge fund schemes and try to scam millions from lenders... Only to end up getting caught. Guy is a low life. Lock his ass up for life.
"Hello, I've got this 'note' which is worth at least $100,000,000 and even though it's just a piece of paper, it's like really, really valuable, you follow?"
@Brexit Monger I agree. There is going to come a day in the next 100 years, when people are going to suddenly realize that gold doesn't have much actual value, other than it is pretty to look at and doesn't rust. You can't eat it. It won't make your vehicle run. It won't help your crops grow. It provides no light, shelter, or warmth. It is a weak metal and has little structural value. Other than all of those deficiencies...its awesome, hela-shiny.
Well, at least he was clear in admitting what he did and that he knew it was wrong... That is commendable and sure to be appreciated by those he swindled, even though the money is gone...
This just always amazes me, I would need the 100 million dollar trappings just to keep the stress of getting caught away but I think their narcissistic minds actually become addicted to conning people not just the money, this just shows the power and weakness of the human mind, you’re literally garunteed to get caught and do 20 years but you can’t resist ..fascinating
$70,000 per month for private jailers for house arrest? What security firm do those guards work for? And on top of everything, his 88 y/o Mommy is picking up the tab. For someone who graduated from both Harvard & Yale did he honestly think he could hire all those top attorneys & none of them would figure out that he was the only one making the money? He's got to be delusional!
About 40 years ago I was reading a cover article in a Nashville business magazine where the subject put out some information I remember to this day. He said, "If you go broke, go big broke. if you get a couple months behind on a car note the bank repos your car. If you get behind on the interest payment of a $1,000,000 loan your banker calls you up and asks if everything is OK." Always been true, is true today and will be true tomorrow.
hes pretty straight forward. its definitely not the norm. great interview.
If you steal $4000, you end up in a cell in jail, if you steal $400,000,000 you end up in your own penthouse with a bracelet and private guards. There's a lesson to be learned here.
Drum Ape That was only till the sentence started, like being out on bail
yeah, if you gonna steal do it really big.
The system is "the lie".
Gold and Silver heavily manipulated
Stock market heavily manipulated. Etc, etc.
the "bank" literally "seriously" manipulated since the founding of America and even more so with the acceptance of the Federal Reserve. That was the lock on the door.
Are you saying the game is rigged? The USA is nothing but a con job against people
If you steal a country, you are the king.
Quotes by Marc Dreier
"The more you show people you didn't need money, the easier it was to attract money" - Marc Dreier
"The more money you look for, the fewer questions people ask sometimes" - Marc Dreier
It's like Law of Attraction 101...
“If you tell a lie big enough and keep repeating it, people will eventually come to believe it." - Joseph Goebbels
I live in a massive billion dollar Cape Cod mansion and own my own private Caribbean island with private luxury jet. Oh, Can you help me out with a few billion dollars? Lol
THATS A FACT.
Steve Kroft conducted an excellent interview of Drier.
Kroft is the consummate professional journalist. In this interview, he asked the questions that needed to be asked and did it in such a way where Drier didn’t feel he needed to be defensive and instead openly and, I feel, honestly answered the questions Kroft put to him.
This is a fascinating case, where an intelligent, highly educated man used incredibly poor judgement in pursuit of satisfying what turned out to be his out of control ego.
This should be a valuable lesson to us all: keep your ego in check and realize that nothing is worth the loss of your reputation and freedom.
1:12 'When we first interviewed him last year, he was a prisoner in his own penthouse.' Oh, what a tough punishment! smh...
yeah m8, but it is downgrade when you have had yacht, rubbing shoulders with royalty,
“How did you end up becoming a crook?” Way to start the interview 🙌🏼
Jamie Broughton Gangster.😎
At least he gave an honest interview after being caught rather than live in denial like a lot of scammers. That is something he can take to the grave in prison.
@Blackjvck Are you serious? Maybe he got a light sentence because he hurt companies not people.
@Blackjvck I would like to think Mark Dreier got off easy but losing 10 years of you life is not fun
@@stephenouma He's now 73 years old and has been in federal prison for 14 years, he's got 3 more to go!
He's sorry and regretful because he got caught
Do you know him? You should not judge.
perfect reply judging by the way he is speaking and how confident he was in pretending to be teachers lawyer
Jos Ron - totally agree with you Donny is living in a fantasy world. He’s sorry because he got caught
Isn't everybody like that? Most people are rarely regretful they committed their crime, and usually get caught because they keep doing until they get caught. Running red light, speeding, cheating on spouse, cheating tests, DUI....
@@victorhinojos3050 You have just described the definition of: INSANITY..and a Narcissistic Sociopath.
"when did you decide to become a crook?"
That was straight forward
this why I love read comments, they are always best than the report itself..thank for making me 😂😂😂so hard! I'm quiet depress these days..tough times with my small businesses
@@roshpinna6708 i hope your business is doing better.... sending good vibes your way.
@@njael2983 oh thanks a lot for asking!!! I keep going...
they been train to be crooks the majority of them they're the chosen ones they smell the money better than the docks
@@roshpinna6708 It's November 12th 2019. How are you doing now?
you get harder sentences for robbing liquor stores
Alfonso Florio look at the crooks on Wall Street and the bankers who ran the economy into the ground in 07-08
The government gave them millions of tax payers money with no strings attached
Got off light because he didn't cost the taxpayer expense of a trial. I've seen this many times in both white and blue collar crime. When I was young, white collar crooks got off with no jail time. Some GE execs were the first to go to prison. Saw a guy who's case was similar to Dreier, decided to fight and go to trial. He ended up with a fifty year sentence. Dumb. Real dumb.
@@dondressel4802 same has happened over and over in Italy we say "you're a capitalist when you make a profit, but as soon as you have a loss you turn into a socialist". This people should really be sent to a gulag.
Alfonso Florio you get harder sentences for being black and innocent .
Rich get lenient sentences because they know plenty of people in power
There's just something heartwarming about seeing lawyers lose everything and go to prison.
The more you show people that you don't need money, the easier it is to attract money. And, his other line was great too: the more you ask for, the less they question it.
He's a wacko
Elisabeth Holmes and Theranos $1billion scam is a perfect illustration of that.
@@roshpinna6708 AMEN!
@@roshpinna6708 spot on
@@carpediem6568 Elisabeth Holmes.... another Narcissist/Sociopath she scammed the investors but at the same time she was completely delusional
"For what does it profit a man to gain the whole world, and forfeit his soul?" - Mark 8:36
Amen 🙏🏾
He can ask forgiveness and go to heaven stil. Praise the Lord!
@@lug.5329 Yes, as long as he's on this side of eternity. Once he crosses over, it's all over!
@@cliffordbodine5834 , he asked yesterday. He can be forgiven and go to heaven. Yey!
Sociopaths don't get nervous.
Amazing how he can sit there and give this sheepish impression of a guy caught in something he wanted out of, like a drug addict who didn't want the fix but couldn't take the withdrawals. Yet when it closed in on him, he expanded the fraud like a professional con artist. They're showing him living it up as the life of the party, and he has the nerve to say if there was a way out he would have done it. Saying he succumbed to pressure like an innocent victim not a mastermind. This interview is just another example of his professional deception.
So true. I've worked with a few. They thrive on it and on playing fast and loose with people. It's just in them. And they have no remorse. I would almost rather deal with a scumbag than a sociopath.
@@carpediem6568 I would rather not deal with either a scumbag or a sociopath.
@@drasticwillb That is precisely right.
@@user-hv1ik9li7f Thank you. I'm wondering. All you Jews out there. 8:10 He gets a little hyper when asked about betraying a former client in his office. He calls it crazy and foolish but not malevolent, because as he puts it "that's called 'chutzpah'". As if to say learning Yiddish, growing up Jewish, there's a special part of learning the Torah where you learn to have "nerves of steel" when counterfeiting people. Do you Jews discuss amongst yourselves the damage people like this do to your reputation? When anti-Semitic crimes are committed do you point to incidences, people like this and say, "He doesn't excuse crime. He doesn't excuse striking the match. However he does offer a scented candle just tempting someone to light it and start the fire."?
Perhaps oddly, I found this interview hopeful and this man courageous. If half our politicians on either side showed such candor, we may actually get somewhere...
truly, it takes so much strength to face shame with dignity
Politicians are too thick skinned to admit their crimes. There's a reason why they're politicians in the first place.
if you ask me, this guy is a perfect example of what politicians are. they depend on charisma to manipulate people who they expect will not do their due diligence. Happens all the time.
Apologies after the fact will do little to help anyone get anywhere. Progress will be made when the crime isn't committed in the first place.
It is a myth rooted in privilege of the perpetrators that these "victimless crimes" really do no real harm. I say this as an employee of a firm that just went under for much the same reasons.
I love the charade he conducted to fool the first hedge fund in the middle of Solow’s office! THAT is HUGE balls!!
Just for that Dreier is a LEGEND. I bet he's held in high esteem among his fellow prisoners.
W/ A Capital B...
Desperate. If he didn't pull something off, he would be exposed. His balls had to grow bigger and bigger with each scam.
@@hiphopjewels just like Madoff.
@@davidoetting1551 Exactly. 👍🏾💯
I read the fascinating definitive story on Marc Dreier in Vanity Fair. It deserves an at least one-hour documentary.
I could never get my mother to pay $70,000 a month for my security.
TooLooze don’t u think it’s part of the stolen money? He is just fronting his mom
I'm pretty sure that's money he stole.
It is very helpful of him to agree to the interview as we do not often hear from people like this and why they did it. I wonder what causes this? Plenty of us have a very good life as attorneys without needing the 10 floors of 600 staff or a yacht and two homes.
70k a month private jailer fee who's the real crooks?
randolf hearst Right
Really!?!!
That made me physically balk when I heard it.
Chances are, paid for with stolen money he gave his mother. But then again, why ask such personal questions like where did she get the money when you're part of the gravy train?
A millionaire stealing from a billionaire. Priceless.
"I wanted to distinguish myself." Well, he did that.
True unfortunately,Fate can be quite ironic at times
The episode of American Greed on him goes into more detail. He actually lamented that he wasn’t getting the media attn he feels he was due cuz of Madoff’s arrest right after his. All these guys have is ego.
07:42 The moment his Narc mask slipped. He was uncomfortable with the interviewer seeing through his facade and became aroused and attempted to back track. He said, "I should have been nervous." and "I THINK I am [an emotional person]" and then proceeds to babble nonsense. He pretty much acknowledged that he lacks empathy but is terrified that humans see that vulnerable part of himself that makes him not so human. He keeps talking abut his thoughts versus his feelings and then proceeds to look up. Thinking you're sad and feeling sad are not the same. One is body based and the other is cognitive. If he felt sad he would have a feeling sensation in the body and would look down to recall and locate his feelings.
So many things. Felt like a serial killer in an interrogation room expecting someone to care or document his depraved thinking.
Just a greedy, low life in a 3 piece suit, caught like a 8th grader and trying to save left over face. Harvard, law school, etc.,
means nothing without integrity and the basics- like knowing you're hurting people and stealing from their hard working lives and time on earth.
"I really wanted to distinguish myself" by being a thief. What a piece of "you-know-what."
Marc Dreier seems to think you need to be someone you're not. Why not be yourself and be happy with that? You'll find you have a lot to offer.
Kathy Hoskin because he believed in his heart of hearts that he wasn’t anything. Some people fall into that especially in New York. Everyone moves here to be a big shot and they’ll fake it until they make it no matter what
Because he was an ambitious risk taker. People like him are movers and shakers who dont settle for less. I think the problem is he needed a team as large as his law firm to get him out of the massive crater he'd dug himself into ...
he was already in the fast track, he just need to keep going. no need of trying that scam. what a total disaster.
Well many jews take the "chosen people" thing very seriously. Why else has God put them at the top of the money pile?
Some people are chasing something that's not even running away from them. It's their own tail just trying to keep up with them.
"if this paper shredder could talk" 😂😂😂
I don't get it
@@jlow22555 all the papers with info of his crimes were shredded so imagine if that shredder could talk!!
@@yellowdiamondrocks Ah, gotcha. Yea that's funny, thanks for explaining!
Utterly based
So, his apartment was a $10 million dollar jail cell, where the jailers were paid $70,000/month.
"Wahhhh .. I've lost everything I own, lost my business, reputation ... I Have nothing" Waaahhh
I know several people who would of took his life for what he did
The crazy thing is that he could have easily lived a 100-200 thousand dollar a year lifestyle legally.
Ye, but do you know a Black football player that can live on that? or willing to? This guy is a jew !!! remember that !
he probably was making 500k a year legally. Still was not enough for him...
Yes, a normal human being would be grateful on 100 to 200k a year, but this is an individual without a conscience, and Greed is in his blood.
Zach Trapper Are you serious? He was making millions before he started breaking the law. Taxi drivers in NYC make $100k.
No you are way low. He could be earning a million or two legally every year if he wanted to. But that would not be enough to catapult him to Manhattan big money status that he craved.
I still can’t believe the meeting he had in his old client’s office. Understand that the guy who was impersonating the x-client was in a conference room and the x-client was in the building at the same time! You talk about big balls.
Just like the meeting in the Western Union office in the movie The Sting.
It all starts with wanting more than you deserve....Lawyers also make the best criminals
So it’s not a coincidence that most scumbag politicians were lawyers before they discovered the ultimate swindle; being elected to public office????
@@mrsmith8737 : being a con artist or a grifter is good training for being a politician, where you have to tell lies to people or promise them things you know you can’t deliver in order to get elected. What a racket.
Lawyer - one skilled in circumnavigation of the law. From The Devil’s Dictionary by Ambrose Bierce
He's certainly just another psychopathic swindler who's playing the guilt card. He's pretty skilled at it too, I bought it for the first few minutes of the interview.
“The more money you ask for, the less questions asked”...#GodBlessAmerica 🇺🇸
His father arrived in the US as a penniless immigrant, he made a fortune in movie theatres and no doubt hoped much better of his son. Utterly disgraceful what he did.
The guy was a swindler, a dirty rotten scoundrel no doubt. But he earns my respect because he boldly goes on 60 Minutes and is honest and up front about his crimes and shady dealings. Imagine if Bernie Madoff had done this, instead of putting on a poker face and bragging about his crimes to cell mates. It’s truly the only honorable way out once you’ve been caught, to admit what you did and answer respectful questions in full detail. That, and a lengthy prison sentence of course.
He did it to feed his ego, nothing else
Welp...sale that thought to the people who lost thier money!
Your respect is very easily earned.
hahaha He was caught in Canada. Thats because ,We don't have a lot here so when you ask for something, we get suspicious and start asking questions.
Lmao so true
LOL
lmfao the Ontario Teachers Pension Plan has a $180.5b aum
@@ST-fk3jz 193bn
“Private jailers” @ $70,000 per month!!!!
I have LITERALLY never heard of this!!!
Where do I sign up???
Yeah 70k for monitoring a bracelet!!
M.A. Arch Paid by her mother!!! Wtf.
It is/was her responsibility that he became a conman.
Nice work if you can get it
This guy has more class for admitting his wrongs than all the other crooks who have no balls.
Deena Gotti U r just right.
(6:25) “$20 million mistake had grown into a mistake of a FEW hundred million dollars.” HE STILL DOES NOT GET IT. A few hundred million dollars. It was $400 million! Calling it a few hundred million is putting it incredibly lightly. You might as well as say a mistake of 0.4 billion dollars. Few is not a good word to use considering it was $400 million. That’s a whole lot of millions!
4 is a few. 400 million is a few hundred million. no?
champagne lifestyle on a beer budget.
Oh, he swindled the hedge funds! Such a crime! That's like taking candy from a crime boss.
Drayer means “turner” or “manipulation” in yiddish. His name says it all.
And the name Madoff speaks for itself...
+A Mishel Hey, thank you. How bout Ted Turner ? Is (was) he Yiddish/ Jewish? Also, is it the same name as Dreier's Ice Cream name?
Fatty's daddy was Drumpf -- WTF?
i was wondering if he was a jew, but a bit afraid to ask : you know how it is?
Eugenius Williams : Yes, Drier is in fact Jewish. He said he had to use the money his son received for his Bar Mitzvah to buy food while he was under house arrest awaiting sentencing.
I have $350 in the bank, I'm so proud of myself.
Your comment make a lot of sense, besides your 350 you have peace and that is the most valuable thing a man can have!!!
@@Gallo903 Thank you so much for your kind comment. Much appreciated.
Must be nice!
40 million art collection - on fiddly HOOKS?!?!
Well spotted. I didnt cop that
"fiddly"... Lmao
😅😹😂
lets be real the collection wasn't great even if the artist were well known
What is absolutely amazing to me is this guy has no emotions whatsoever. He does not feel the least bit bad about what he did. It's not like he acts like some evil bond villain either. He is simply indifferent to it all as if it is some TV show he is watching. These were real people who got swindled and he could care less. He is only worried about the length of his sentence and when he will get out of prison. In other words, how is this going to affect ME?
Another jew like Madoff...
Exactly people are just A holes being jewish has nothing to d with it
@@kevin.afton_don’t be a sh*thead antisemite
If you have a facebook account you love vanity too, and I'd wager a dollar that many of you would do what he did if you thought you could run with it indefinitely.
if i could only run with it for 20 years and spend the 400 millon $ i had no problem to go to prison for 20 years. thats a great trade right there!
@Brexit Monger he is not happy in jail because its over but for him im 100% sure it was worth it, esp since he got about 500 millions to his family and friends who will give him the best prison time of his life, big tv, own room, hookers every week... . but there are endless people who would trade 20 years with 400 millions for 20 years of jail afterwards.
I think you overestimate how many people would be willing to run a ponzi scheme.
Brexit Monger Madoff is giving his middle finger to the world. He ain't sad. He pulled off a great scam and thoroughly enjoyed it. Look at it this way. Madoff is locked up and safe from his enemies and public embarrassment of walking the streets. Prolly has some $ stashed somewhere. I don't think Mrs. Madoff is eating at McDonald's. Well maybe so the Feds will thnk she is broke.
@@gradeyundery4939 he betrayed his own family. I think his own son/sons suicided.
Like a friend of mine always says, "How many steaks can you eat?" When is it enough?
When you have money, it is never enough. You always need more because of the standard of living you have become accustomed to
How many yachts can you waterski behind? It’s true, ask these people how much is enough? Their answer is, a little bit more.
@@dbc7772011 My brother who is a plumber tells me they are very cheap too! My friends who have at least half a billion will not park their car in valet parking because they want to save the tip.
For a certain type of person once they attain a certain level of success and the trappings that come with it they are looking up at the next level and want to attain it.
It’s about improving your circumstances, no matter how wealthy you already are. It’s the challenge that motivates them.
Love you man. Great coverage. Only from America. Things like these are hundred times more in the otherside of the big nation but never told from dictatorship.
"...a prisoner in his own penthouse". There are no words.
Leslie Kendall : Drier was a prisoner in his $10.8 M penthouse in the sense that he couldn’t leave it. He couldn’t even have any knives in his kitchen (for obvious reasons).
Daam That is True “The more money you ask for, the less questions asked”
Wait, wtf, he gets to serve at home just because he is rich?
STC He was out on bail. He didn’t serve at home
You got it ! but if it was you or I we would be sharing a cell with big baba and his crew
Yes.
New World yes he did serve at home. He has been on house arrest the entire time! Two sets of rules.
No, he's in federal prison and won't be released until at least 2026.
when I steal millions I cover my tracks. This guy is a novice.
I guess the lesson to be learned from this is that people need to be satisfied with what they have. No material possession is worth doing something illegal that could cost you everything, most importantly your reputation and your freedom.
Instant gratification
Until mum has to bail you out very expensively !!!
These guys who claim they started out to be honest and 'things just
got out of hand' are laughable. He simply wanted to be the richest
big shot and make other people envious. He should have gotten LWOP
and had to forfeit every single asset he owned. He could have earned a
7 figure income honestly, but he CHOSE to be a common thief.
+Jeanne90275
Exactly. They were never good, or honest, or practicing ethical business.
Not a common thief, no not common at all- sad thing is 99%of what he did was common business practice and he only had to emulate what's already Jew wall street business as usual and over time this will erode any faith which is what the system is built on when there's no gold
" Do you have any friends?"
He never had any friends.
Insulting! The cover photo is of the great real estate tycoon Sheldon Solow, who was victimized by Dreier, yet he's the "Swindler" cover photo!
This guy might have been "smart" to pull of such a big heist but you can tell he's got a few loose screws in his head!!
He is a stupid thief. Being a lawyer, he should have been a smarter crook.
In my life
Why do I give valuable time
To people who don't care if I live or die?
😍 Ahhh.... The Smiths....
Fizzy Zit Youth us other RUclips commenters care about you
@@artboy789 likewise mister artboy
He's simply the product of a flawed system. If you're going to rip anybody off, might as well be the rich who benefit from the system I guess.
"Do you know how easy it is to scam these hedgie guys? Like crazy easy. It almost seems like the crime would be to not scam them, if you think about it." -- Marc Dreier
Welp, Dreier is now 71 years old and still in prison. Unless he gets an early release he'll be in prison until 2026, when he will be 76 years old. Hope it was worth the stupid house in the Hamptons.
He still has to answer to Canadian authorities for what he tried to pull off up there. I hope they give him at LEAST 10 years.
Greed and intelligence are incredibly potent. Probably add sociopathy to that. He didn't get remotely emotional until he started talked anout what *he* lost.
It seems like his greed in not wanting partners to spread the workload and provide brakes beacuse he wanted it all to himself
Is what got the ball rolling down the hill. I guess the fences and co-signs are all there for a reason. Also ppl can be exterminly intelligent in one sphere and be completely culeless in others to the point their intelligence serves their primal impulses and what they think they lack and want. In his case the validation and lights afforded to his super start clients was the euphoria that was missing forgetting his core intelligence was that of a brief and with no one there to remind him of his role there as co-sign he let all his latent desires for grand validation run riot.
I respect him for his openness and honesty unlike Madoff. Sometimes power and money plus an ambitious driven to succeed at all cost can make monsters of a person.
"If this paper-shredder could talk..."
If you're going to steal do it quick and do it big. A two tier legally system, rich can pay for the best legal advice and celebrities can always find someone to stand by them no matter what is said about them.
He wasn’t pulling any punches, but Drier took without a flinch. I can’t help liking the man. Crook or not.
My heart goes out to those who suffered at his hands. He does however appear to have personally taken responsibility for his actions and also appears to be genuinely remorseful and repentant. I hope all involved recover.
"he was impervious to the idea of getting caught" LOLZ
"The more money you ask for, the less questions people ask". Thank you sir
I'm just love that phrase, but when you think about its really cold truth
3:57 Looks like the interviewer is about to slap him upside his head.
"I wanted to be as important as I thought I deserve to be ".
If that's not an expression of entitlement I don't know what is.
One reporter regarded him as "well educated."
"Well educated" people don't create elaborate hedge fund schemes and try to scam millions from lenders... Only to end up getting caught.
Guy is a low life. Lock his ass up for life.
Greed ..the bottomless pit... the never ending gaping hole of need , never ever enough is killing every living thing in this world
Greed is a powerful drug!!
Dude is definitely a psychopath. No fear, no emotions, no remorse, only regret and shame from getting caught.
"Hello, I've got this 'note' which is worth at least $100,000,000 and even though it's just a piece of paper, it's like really, really valuable, you follow?"
Lanskee Shuru Yea yes I’ll trade you 100,000 real currency for it
@Brexit Monger I agree. There is going to come a day in the next 100 years, when people are going to suddenly realize that gold doesn't have much actual value, other than it is pretty to look at and doesn't rust. You can't eat it. It won't make your vehicle run. It won't help your crops grow. It provides no light, shelter, or warmth. It is a weak metal and has little structural value. Other than all of those deficiencies...its awesome, hela-shiny.
What ever happened to the documentary - Unraveled that was previously released. It was a gripping documentary that serves as a good warning to others.
I suddenly am NOT ashamed of my meager existence. "I got it honest." (Can't remember who said, to give credit.)
me..😂😂
Bill Cravy said that
Well, at least he was clear in admitting what he did and that he knew it was wrong... That is commendable and sure to be appreciated by those he swindled, even though the money is gone...
Yeah, good point...
Well at least, he is being honest after the fact. A lot of these scammers usually are unapologetic.
Is there a book or movie?
Harvard's Best and Brightest
The best in everything.
This story has nothing to do with Harvard besides the fact that Drier went to law school there
This guy must be all class at aged 10. When he turned 11, he promptly left that life behind.
Tarantino could play him in a movie. That’s who he favor.
"Oh I invented it," with no compassion on his face.
Looks can be so deceiving. He "wasn't thinking clearly." Wow.
i admire his honesty.
This just always amazes me, I would need the 100 million dollar trappings just to keep the stress of getting caught away but I think their narcissistic minds actually become addicted to conning people not just the money, this just shows the power and weakness of the human mind, you’re literally garunteed to get caught and do 20 years but you can’t resist ..fascinating
How could his mom afford 70k per month? Did some of the 400 million end up with her?
$70,000 per month for private jailers for house arrest? What security firm do those guards work for? And on top of everything, his 88 y/o Mommy is picking up the tab. For someone who graduated from both Harvard & Yale did he honestly think he could hire all those top attorneys & none of them would figure out that he was the only one making the money? He's got to be delusional!
Truly tragic. He didn’t need to do this but his greed and pride destroyed him.
yeah he was making 500k a year but wanted to make 50 mil a year
The minute he became an attorney, he was a crook
" And for what ? A little bit of money. Don't you know there's more important things ? "
Which movie had this quote ?
Fargo
Cool Runnings, starring John Candy
This guy got some steel balls...lool
“I’m not even mad. That’s just amazing.” Lol
Psychopaths have steel balls.
What is hutzpah or whatever he said
Balls guts or sociopathy
SO WHY IS THE CRIMINAL NOT LOCKED UP OR BEING EXECUTED.
END THE LIVES OF FRAUDSTERS,
ELECTRIC CHAIR,
he is in jail. I think he can get out if jail in his 80s
Nigell Butlerrr He is locked up. We don’t execute people for fraud in this country.
Its fraud...relax. The lenders should've done their homework.
A bigger swindle is watching 60 Minutes less commercials.
Yeesh! All of a sudden, I don't feel so bad being broke. I still got everything I need.