Marc Dreier: The Swindler

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  • Опубліковано 30 вер 2024
  • To understand how Bernard Madoff could have done what he did, listen to so-called "mini-Madoff" Ponzi schemer Marc Dreier tell Steve Kroft in his first television interview how he scammed $400 million.

КОМЕНТАРІ • 988

  • @DrumApe
    @DrumApe 5 років тому +579

    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.

    • @Netstarr88
      @Netstarr88 5 років тому +20

      Drum Ape That was only till the sentence started, like being out on bail

    • @milkybar06
      @milkybar06 5 років тому +18

      yeah, if you gonna steal do it really big.

    • @Bill-xx2yh
      @Bill-xx2yh 5 років тому +13

      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.

    • @stephenlosch2015
      @stephenlosch2015 5 років тому +17

      Are you saying the game is rigged? The USA is nothing but a con job against people

    • @guangxidavidliu
      @guangxidavidliu 5 років тому +10

      If you steal a country, you are the king.

  • @beatyea5711
    @beatyea5711 5 років тому +43

    hes pretty straight forward. its definitely not the norm. great interview.

  • @snakechrmr6398
    @snakechrmr6398 4 роки тому +26

    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.

  • @jamiebroughton8519
    @jamiebroughton8519 5 років тому +83

    “How did you end up becoming a crook?” Way to start the interview 🙌🏼

    • @Rosedaleb1
      @Rosedaleb1 5 років тому +4

      Jamie Broughton Gangster.😎

  • @alfonsoflorio
    @alfonsoflorio 5 років тому +398

    you get harder sentences for robbing liquor stores

    • @dondressel4802
      @dondressel4802 5 років тому +16

      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

    • @carpediem6568
      @carpediem6568 5 років тому +9

      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.

    • @alfonsoflorio
      @alfonsoflorio 5 років тому +6

      @@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.

    • @markwhent2523
      @markwhent2523 5 років тому +9

      Alfonso Florio you get harder sentences for being black and innocent .

    • @marianstanden45
      @marianstanden45 5 років тому +5

      Rich get lenient sentences because they know plenty of people in power

  • @drakedoragon3026
    @drakedoragon3026 5 років тому +14

    A millionaire stealing from a billionaire. Priceless.

  • @smoothmicra
    @smoothmicra 4 роки тому +32

    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.

    • @stephenouma
      @stephenouma 3 роки тому

      @Blackjvck Are you serious? Maybe he got a light sentence because he hurt companies not people.

    • @stephenouma
      @stephenouma 3 роки тому +1

      @Blackjvck I would like to think Mark Dreier got off easy but losing 10 years of you life is not fun

    • @erichaynes7502
      @erichaynes7502 Рік тому +1

      @@stephenouma He's now 73 years old and has been in federal prison for 14 years, he's got 3 more to go!

  • @moreofawave
    @moreofawave 5 років тому +223

    Sociopaths don't get nervous.

    • @drasticwillb
      @drasticwillb 5 років тому +15

      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.

    • @carpediem6568
      @carpediem6568 5 років тому +6

      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.

    • @moreofawave
      @moreofawave 5 років тому +9

      @@carpediem6568 I would rather not deal with either a scumbag or a sociopath.

    • @user-hv1ik9li7f
      @user-hv1ik9li7f 5 років тому

      @@drasticwillb That is precisely right.

    • @drasticwillb
      @drasticwillb 5 років тому +4

      @@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."?

  • @cliffordbodine5834
    @cliffordbodine5834 3 роки тому +29

    "For what does it profit a man to gain the whole world, and forfeit his soul?" - Mark 8:36

    • @jirenthegray
      @jirenthegray 3 роки тому +2

      Amen 🙏🏾

    • @lug.5329
      @lug.5329 3 роки тому

      He can ask forgiveness and go to heaven stil. Praise the Lord!

    • @cliffordbodine5834
      @cliffordbodine5834 3 роки тому

      @@lug.5329 Yes, as long as he's on this side of eternity. Once he crosses over, it's all over!

    • @lug.5329
      @lug.5329 2 роки тому

      @@cliffordbodine5834 , he asked yesterday. He can be forgiven and go to heaven. Yey!

  • @cjjuddaustralianartist
    @cjjuddaustralianartist 4 роки тому +28

    I have $350 in the bank, I'm so proud of myself.

    • @Gallo903
      @Gallo903 3 роки тому +2

      Your comment make a lot of sense, besides your 350 you have peace and that is the most valuable thing a man can have!!!

    • @cjjuddaustralianartist
      @cjjuddaustralianartist 3 роки тому +3

      @@Gallo903 Thank you so much for your kind comment. Much appreciated.

    • @rocketsalad
      @rocketsalad 10 місяців тому

      Must be nice!

  • @josron6088
    @josron6088 5 років тому +231

    He's sorry and regretful because he got caught

    • @T9RX3
      @T9RX3 5 років тому +3

      Do you know him? You should not judge.

    • @52ShadesofSpades
      @52ShadesofSpades 5 років тому

      perfect reply judging by the way he is speaking and how confident he was in pretending to be teachers lawyer

    • @edgagnon7808
      @edgagnon7808 5 років тому

      Jos Ron - totally agree with you Donny is living in a fantasy world. He’s sorry because he got caught

    • @victorhinojos3050
      @victorhinojos3050 5 років тому +6

      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....

    • @maryhuhnke4706
      @maryhuhnke4706 4 роки тому +2

      @@victorhinojos3050 You have just described the definition of: INSANITY..and a Narcissistic Sociopath.

  • @vowox9760
    @vowox9760 5 років тому +76

    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

    • @saharagold
      @saharagold 4 роки тому +5

      It's like Law of Attraction 101...

    • @9HighFlyer9
      @9HighFlyer9 4 роки тому +7

      “If you tell a lie big enough and keep repeating it, people will eventually come to believe it." - Joseph Goebbels

    • @garybala000
      @garybala000 3 роки тому +3

      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

    • @kartiersupremewhite330
      @kartiersupremewhite330 Рік тому +1

      THATS A FACT.

  • @beernpizzalover9035
    @beernpizzalover9035 5 років тому +73

    1:12 'When we first interviewed him last year, he was a prisoner in his own penthouse.' Oh, what a tough punishment! smh...

    • @petermokran381
      @petermokran381 3 роки тому +1

      yeah m8, but it is downgrade when you have had yacht, rubbing shoulders with royalty,

  • @TooLooze
    @TooLooze 5 років тому +32

    I could never get my mother to pay $70,000 a month for my security.

    • @loveworld5026
      @loveworld5026 4 роки тому +5

      TooLooze don’t u think it’s part of the stolen money? He is just fronting his mom

    • @V.E.R.O.
      @V.E.R.O. 2 роки тому +3

      I'm pretty sure that's money he stole.

  • @yellowdiamondrocks
    @yellowdiamondrocks 5 років тому +35

    "if this paper shredder could talk" 😂😂😂

    • @jlow22555
      @jlow22555 5 років тому +1

      I don't get it

    • @yellowdiamondrocks
      @yellowdiamondrocks 5 років тому +7

      @@jlow22555 all the papers with info of his crimes were shredded so imagine if that shredder could talk!!

    • @jlow22555
      @jlow22555 5 років тому +1

      @@yellowdiamondrocks Ah, gotcha. Yea that's funny, thanks for explaining!

    • @rocketsalad
      @rocketsalad 10 місяців тому

      Utterly based

  • @svfox
    @svfox 4 роки тому +17

    when I steal millions I cover my tracks. This guy is a novice.

  • @Pablo123456x
    @Pablo123456x 5 років тому +175

    "when did you decide to become a crook?"
    That was straight forward

    • @roshpinna6708
      @roshpinna6708 5 років тому +6

      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

    • @njael2983
      @njael2983 5 років тому +4

      @@roshpinna6708 i hope your business is doing better.... sending good vibes your way.

    • @roshpinna6708
      @roshpinna6708 5 років тому +2

      @@njael2983 oh thanks a lot for asking!!! I keep going...

    • @riokriok2863
      @riokriok2863 5 років тому +4

      they been train to be crooks the majority of them they're the chosen ones they smell the money better than the docks

    • @maryhuhnke4706
      @maryhuhnke4706 4 роки тому +2

      @@roshpinna6708 It's November 12th 2019. How are you doing now?

  • @ronque23
    @ronque23 5 років тому +26

    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.

  • @bdflatlander
    @bdflatlander 2 роки тому +6

    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.

  • @randolfhearst9343
    @randolfhearst9343 5 років тому +62

    70k a month private jailer fee who's the real crooks?

    • @Kim-Berly200
      @Kim-Berly200 5 років тому +4

      randolf hearst Right

    • @jasonbourneistreadstone
      @jasonbourneistreadstone 5 років тому

      Really!?!!
      That made me physically balk when I heard it.

    • @bobdob5696
      @bobdob5696 4 роки тому +4

      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?

  • @ROCdevelopments
    @ROCdevelopments 5 років тому +32

    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.

  • @kathrynmariani5825
    @kathrynmariani5825 4 роки тому +20

    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...

    • @Oscar-zi2pp
      @Oscar-zi2pp 2 роки тому +2

      truly, it takes so much strength to face shame with dignity

    • @zaberfang
      @zaberfang Рік тому

      Politicians are too thick skinned to admit their crimes. There's a reason why they're politicians in the first place.

    • @aroudedinsulance4307
      @aroudedinsulance4307 Рік тому

      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.

    • @oaor2303
      @oaor2303 11 місяців тому

      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.

  • @artboy789
    @artboy789 5 років тому +20

    I love the charade he conducted to fool the first hedge fund in the middle of Solow’s office! THAT is HUGE balls!!

    • @erichaynes7502
      @erichaynes7502 3 роки тому +4

      Just for that Dreier is a LEGEND. I bet he's held in high esteem among his fellow prisoners.

    • @lamarthomas181
      @lamarthomas181 2 роки тому

      W/ A Capital B...

    • @hiphopjewels
      @hiphopjewels 2 роки тому +1

      Desperate. If he didn't pull something off, he would be exposed. His balls had to grow bigger and bigger with each scam.

    • @davidoetting1551
      @davidoetting1551 Рік тому +1

      @@hiphopjewels just like Madoff.

    • @hiphopjewels
      @hiphopjewels Рік тому

      @@davidoetting1551 Exactly. 👍🏾💯

  • @normbograham
    @normbograham 4 роки тому +11

    So, his apartment was a $10 million dollar jail cell, where the jailers were paid $70,000/month.

  • @panti77
    @panti77 4 роки тому +13

    "Wahhhh .. I've lost everything I own, lost my business, reputation ... I Have nothing" Waaahhh

    • @jerrychevalier
      @jerrychevalier 4 роки тому

      I know several people who would of took his life for what he did

  • @zachtrapper2398
    @zachtrapper2398 5 років тому +22

    The crazy thing is that he could have easily lived a 100-200 thousand dollar a year lifestyle legally.

    • @menone2606
      @menone2606 5 років тому +3

      Ye, but do you know a Black football player that can live on that? or willing to? This guy is a jew !!! remember that !

    • @gerardom.delgado7615
      @gerardom.delgado7615 5 років тому +6

      he probably was making 500k a year legally. Still was not enough for him...

    • @barbaraleszczynski2214
      @barbaraleszczynski2214 5 років тому +2

      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.

    • @ffhd1clt
      @ffhd1clt 5 років тому +3

      Zach Trapper Are you serious? He was making millions before he started breaking the law. Taxi drivers in NYC make $100k.

    • @acefromspace2727
      @acefromspace2727 Рік тому +2

      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.

  • @bluest1524
    @bluest1524 5 років тому +23

    Oh, he swindled the hedge funds! Such a crime! That's like taking candy from a crime boss.

  • @spamskanal
    @spamskanal 5 років тому +24

    40 million art collection - on fiddly HOOKS?!?!

    • @oriecipollaro7889
      @oriecipollaro7889 4 роки тому +2

      Why not he didn't pay for it

    • @annettehunter9743
      @annettehunter9743 4 роки тому +2

      Well spotted. I didnt cop that

    • @GoldPlatedGhost
      @GoldPlatedGhost 4 роки тому +2

      "fiddly"... Lmao
      😅😹😂

    • @ToeKnife166
      @ToeKnife166 4 роки тому +1

      lets be real the collection wasn't great even if the artist were well known

  • @skyemasterson1111
    @skyemasterson1111 6 років тому +69

    champagne lifestyle on a beer budget.

  • @moodykimwele2564
    @moodykimwele2564 5 років тому +34

    It all starts with wanting more than you deserve....Lawyers also make the best criminals

    • @mrsmith8737
      @mrsmith8737 5 років тому +5

      So it’s not a coincidence that most scumbag politicians were lawyers before they discovered the ultimate swindle; being elected to public office????

    • @bdflatlander
      @bdflatlander 4 роки тому

      @@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.

    • @f0urstr1ng
      @f0urstr1ng 2 роки тому

      Lawyer - one skilled in circumnavigation of the law. From The Devil’s Dictionary by Ambrose Bierce

  • @MAArch-ec7se
    @MAArch-ec7se 5 років тому +62

    “Private jailers” @ $70,000 per month!!!!

    • @missd1577
      @missd1577 5 років тому +10

      I have LITERALLY never heard of this!!!

    • @DudeHomer
      @DudeHomer 5 років тому +8

      Where do I sign up???

    • @jimmysomethin5878
      @jimmysomethin5878 5 років тому +3

      Yeah 70k for monitoring a bracelet!!

    • @ey2496
      @ey2496 5 років тому +1

      M.A. Arch Paid by her mother!!! Wtf.
      It is/was her responsibility that he became a conman.

    • @scotsman6712
      @scotsman6712 5 років тому +1

      Nice work if you can get it

  • @madisontrumley8447
    @madisontrumley8447 9 років тому +23

    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.

    • @BananaTrades
      @BananaTrades 6 років тому

      Lmao so true

    • @Doriesep6622
      @Doriesep6622 6 років тому

      LOL

    • @ST-fk3jz
      @ST-fk3jz 5 років тому

      lmfao the Ontario Teachers Pension Plan has a $180.5b aum

    • @escobyte
      @escobyte 5 років тому +1

      @@ST-fk3jz 193bn

  • @pgo2372
    @pgo2372 3 роки тому +11

    There's just something heartwarming about seeing lawyers lose everything and go to prison.

  • @notmyfirstdaycooton7040
    @notmyfirstdaycooton7040 5 років тому +24

    "I wanted to distinguish myself." Well, he did that.

    • @tarkham2932
      @tarkham2932 11 місяців тому

      True unfortunately,Fate can be quite ironic at times

  • @artboy789
    @artboy789 7 років тому +140

    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.

    • @FaithandNova
      @FaithandNova 5 років тому

      He's a wacko

    • @roshpinna6708
      @roshpinna6708 5 років тому +9

      Elisabeth Holmes and Theranos $1billion scam is a perfect illustration of that.

    • @carpediem6568
      @carpediem6568 5 років тому

      @@roshpinna6708 AMEN!

    • @alfonsoflorio
      @alfonsoflorio 5 років тому

      @@roshpinna6708 spot on

    • @alfonsoflorio
      @alfonsoflorio 5 років тому +4

      @@carpediem6568 Elisabeth Holmes.... another Narcissist/Sociopath she scammed the investors but at the same time she was completely delusional

  • @metaparcel
    @metaparcel 5 років тому +19

    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.

    • @gradeyundery4939
      @gradeyundery4939 5 років тому

      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!

    • @gradeyundery4939
      @gradeyundery4939 5 років тому +1

      @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.

    • @exploderwrestlingpodcast2721
      @exploderwrestlingpodcast2721 5 років тому

      I think you overestimate how many people would be willing to run a ponzi scheme.

    • @coachb2766
      @coachb2766 5 років тому

      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.

    • @saharagold
      @saharagold 4 роки тому

      @@gradeyundery4939 he betrayed his own family. I think his own son/sons suicided.

  • @CarlosGarcia-kt2du
    @CarlosGarcia-kt2du 5 років тому +10

    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!!

    • @MrG_11
      @MrG_11 4 роки тому

      He is a stupid thief. Being a lawyer, he should have been a smarter crook.

  • @ffhd1clt
    @ffhd1clt 5 років тому +7

    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.

    • @moncorp1
      @moncorp1 5 років тому +2

      Just like the meeting in the Western Union office in the movie The Sting.

  • @AnnaMishel
    @AnnaMishel 5 років тому +24

    Drayer means “turner” or “manipulation” in yiddish. His name says it all.

    • @roseguber3240
      @roseguber3240 5 років тому +4

      And the name Madoff speaks for itself...

    • @martinzitter4551
      @martinzitter4551 5 років тому

      Fatty's daddy was Drumpf -- WTF?

    • @eugeniuswilliams5457
      @eugeniuswilliams5457 4 роки тому +2

      i was wondering if he was a jew, but a bit afraid to ask : you know how it is?

    • @bdflatlander
      @bdflatlander 4 роки тому +1

      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.

    • @adamdreier
      @adamdreier 3 роки тому +1

      It’s a German last name for 3 so....

  • @michealrawlings9281
    @michealrawlings9281 5 років тому +22

    “The more money you ask for, the less questions asked”...#GodBlessAmerica 🇺🇸

  • @chironapolonio
    @chironapolonio 4 роки тому +7

    I read the fascinating definitive story on Marc Dreier in Vanity Fair. It deserves an at least one-hour documentary.

  • @MISAO_SAO
    @MISAO_SAO 4 роки тому +6

    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.

    • @jhavajoe3792
      @jhavajoe3792 4 роки тому

      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.

  • @user-ur8hl8lr7q
    @user-ur8hl8lr7q 5 років тому +8

    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.

  • @VanlifewithAlan
    @VanlifewithAlan 5 років тому +2

    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.

  • @kathyhoskin8350
    @kathyhoskin8350 6 років тому +79

    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.

    • @ronque23
      @ronque23 5 років тому +13

      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

    • @synchlaviersample4287
      @synchlaviersample4287 5 років тому +1

      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 ...

    • @roshpinna6708
      @roshpinna6708 5 років тому +2

      he was already in the fast track, he just need to keep going. no need of trying that scam. what a total disaster.

    • @eugeniuswilliams5457
      @eugeniuswilliams5457 4 роки тому

      Well many jews take the "chosen people" thing very seriously. Why else has God put them at the top of the money pile?

    • @thesoundofsilence1763
      @thesoundofsilence1763 6 місяців тому +1

      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.

  • @bscottb8
    @bscottb8 12 років тому +17

    "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

  • @gaslitworldf.melissab2897
    @gaslitworldf.melissab2897 5 років тому +53

    Wow. This was uploaded in 2010. Never heard of this fella. However, his face looks familiar. And he really looks like a good guy: softspoken, nice features, articulate. One more cautionary tale which few will learn from. Ah...the human condition.

    • @janesmith9024
      @janesmith9024 5 років тому +1

      Yes, you can see why is was able to engender trust. I think he is now half way through his 2009 20 year sentence (in 2019).

    • @ekids.bassment
      @ekids.bassment 5 років тому +5

      i think the reason why he's softspoken is because he's a broken man

    • @anthonyhall7623
      @anthonyhall7623 5 років тому

      GaslitWorld f. Melissa B where is the Mental Evaluation 🤪

    • @anthonyhall7623
      @anthonyhall7623 5 років тому +1

      Maybe he had a mental breakdown, who would sanely take this on?

    • @MiniM69
      @MiniM69 5 років тому +1

      That’s why you should do your homework. Never trust someone because of how they look.

  • @stc2828
    @stc2828 5 років тому +44

    Wait, wtf, he gets to serve at home just because he is rich?

    • @newworld3844
      @newworld3844 5 років тому +9

      STC He was out on bail. He didn’t serve at home

    • @nivlekloen7437
      @nivlekloen7437 5 років тому +7

      You got it ! but if it was you or I we would be sharing a cell with big baba and his crew

    • @j.baldwinwasagenius...7575
      @j.baldwinwasagenius...7575 5 років тому +1

      Yes.

    • @MP-lj4co
      @MP-lj4co 5 років тому +1

      New World yes he did serve at home. He has been on house arrest the entire time! Two sets of rules.

    • @UkeleleStoner1992
      @UkeleleStoner1992 5 років тому +5

      No, he's in federal prison and won't be released until at least 2026.

  • @gregoryambres1897
    @gregoryambres1897 3 роки тому +2

    "I really wanted to distinguish myself" by being a thief. What a piece of "you-know-what."

  • @janesmith9024
    @janesmith9024 5 років тому +6

    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.

  • @xelefonte
    @xelefonte 5 років тому +5

    (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!

    • @youngneeson
      @youngneeson 3 роки тому

      4 is a few. 400 million is a few hundred million. no?

  • @fizzyzityouth8841
    @fizzyzityouth8841 5 років тому +10

    In my life
    Why do I give valuable time
    To people who don't care if I live or die?

    • @guppy0112
      @guppy0112 5 років тому

      😍 Ahhh.... The Smiths....

    • @artboy789
      @artboy789 5 років тому +2

      Fizzy Zit Youth us other UA-cam commenters care about you

    • @fizzyzityouth8841
      @fizzyzityouth8841 5 років тому +1

      @@artboy789 likewise mister artboy

  • @brucegately831
    @brucegately831 5 років тому +27

    Like a friend of mine always says, "How many steaks can you eat?" When is it enough?

    • @anastasia2657
      @anastasia2657 5 років тому

      When you have money, it is never enough. You always need more because of the standard of living you have become accustomed to

    • @dbc7772011
      @dbc7772011 5 років тому

      How many yachts can you waterski behind? It’s true, ask these people how much is enough? Their answer is, a little bit more.

    • @anastasia2657
      @anastasia2657 5 років тому +1

      @@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.

    • @bdflatlander
      @bdflatlander 4 роки тому +1

      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.

  • @cooperscreditconsultingint6792
    @cooperscreditconsultingint6792 5 років тому +7

    Greed is a powerful drug!!

  • @bscatcher2499
    @bscatcher2499 5 років тому +2

    How could his mom afford 70k per month? Did some of the 400 million end up with her?

  • @markdierking9347
    @markdierking9347 5 років тому +11

    Harvard's Best and Brightest

    • @patrickmcshane7658
      @patrickmcshane7658 5 років тому

      The best in everything.

    • @bdflatlander
      @bdflatlander 4 роки тому

      This story has nothing to do with Harvard besides the fact that Drier went to law school there

  • @DMWBN3
    @DMWBN3 5 років тому +2

    The more money you ask for, the less likely they are to ask questions. Having all the toys to impress people draws in more money.
    Going in to the offices of the man your scamming to meet bankers about the whole scam, now that takes some balls 🏀 🏀
    Can't even admit he's a thief. Just said he started doing things wrong., delusional.

  • @ChillStreamsLive
    @ChillStreamsLive 12 років тому +3

    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.

  • @stormworks4882
    @stormworks4882 4 роки тому +1

    private jailors? well i have never heard of something so rediculous

  • @lpr5269
    @lpr5269 10 років тому +11

    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?

    • @kevin.afton_
      @kevin.afton_ 10 років тому +2

      Another jew like Madoff...

    • @kyleh3693
      @kyleh3693 6 років тому +5

      Exactly people are just A holes being jewish has nothing to d with it

    • @rocketsalad
      @rocketsalad 10 місяців тому

      @@kevin.afton_don’t be a sh*thead antisemite

  • @boink8653
    @boink8653 5 років тому +2

    This would make a better movie than wolf of Wallstreet

  • @GreenEyez6667
    @GreenEyez6667 4 роки тому +4

    Tarantino could play him in a movie. That’s who he favor.

  • @deenagotti8258
    @deenagotti8258 5 років тому +14

    This guy has more class for admitting his wrongs than all the other crooks who have no balls.

  • @bscottb8
    @bscottb8 5 років тому +6

    "If this paper-shredder could talk..."

  • @thiscommentwasposted262
    @thiscommentwasposted262 5 років тому +5

    3:57 Looks like the interviewer is about to slap him upside his head.

  • @nealbeard1
    @nealbeard1 3 роки тому +4

    " Do you have any friends?"
    He never had any friends.

  • @lacyjags9594
    @lacyjags9594 5 років тому +43

    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.

    • @FaithandNova
      @FaithandNova 5 років тому +3

      He did it to feed his ego, nothing else

    • @cooperscreditconsultingint6792
      @cooperscreditconsultingint6792 5 років тому +1

      Welp...sale that thought to the people who lost thier money!

    • @oaor2303
      @oaor2303 11 місяців тому

      Your respect is very easily earned.

  • @brightspark54
    @brightspark54 5 років тому +3

    I bet he stlill has a few shillings squirreled away

  • @jasonhansen8996
    @jasonhansen8996 5 років тому +7

    I suddenly am NOT ashamed of my meager existence. "I got it honest." (Can't remember who said, to give credit.)

  • @trishameenaghan8009
    @trishameenaghan8009 5 років тому +6

    Simply Greedy!

  • @hectorkeezy1499
    @hectorkeezy1499 5 років тому +11

    He wasn’t pulling any punches, but Drier took without a flinch. I can’t help liking the man. Crook or not.

  • @adameanglin
    @adameanglin 5 років тому +6

    wait a sec....a dishonest lawyer?

  • @dondressel4802
    @dondressel4802 5 років тому +2

    And meanwhile the rest of us play by the rules working for peanuts

  • @nomad4k
    @nomad4k 4 роки тому +3

    Well at least, he is being honest after the fact. A lot of these scammers usually are unapologetic.

  • @erichaynes7502
    @erichaynes7502 3 роки тому +2

    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.

    • @mozellhill6605
      @mozellhill6605 Рік тому

      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.

  • @sugarlanskee8
    @sugarlanskee8 12 років тому +5

    "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?"

    • @qtexasbrumley
      @qtexasbrumley 6 років тому

      Lanskee Shuru Yea yes I’ll trade you 100,000 real currency for it

    • @user-hv1ik9li7f
      @user-hv1ik9li7f 5 років тому

      @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.

  • @monicagomez4616
    @monicagomez4616 4 роки тому +2

    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.

  • @danthemansmail
    @danthemansmail 5 років тому +20

    Almost as bad as a Wall Street Banker. Almost.

    • @killap3nguin
      @killap3nguin 5 років тому +3

      Dan Harris at least they aren’t poor like you

    • @guppy0112
      @guppy0112 5 років тому +3

      Unlike every other business out there- including the one you work for- Wall Street is not allowed to be self-serving. They have a legal obligation to act in our interest, otherwise they get sued, hit with massive fines and even go to jail.
      I trust Wall Street more than anyone else- for exactly that reason.......

    • @moncorp1
      @moncorp1 5 років тому +1

      Stop being an ignorant, self righteous, class warfare dolt Dan Harris.

  • @9000ck
    @9000ck 4 роки тому +1

    He should be doing hard time. Disgraceful.

  • @wasua100
    @wasua100 5 років тому +15

    This guy got some steel balls...lool

    • @CJStew06
      @CJStew06 5 років тому

      “I’m not even mad. That’s just amazing.” Lol

    • @Pfsif
      @Pfsif 5 років тому

      Psychopaths have steel balls.

  • @georgem3240
    @georgem3240 3 роки тому +1

    This sociopath feels no remorse. He’s not capable of empathy. He’s a predator who sees everyone else as prey.

  • @Jeanne90275
    @Jeanne90275 11 років тому +14

    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.

    • @lekkki1
      @lekkki1 8 років тому +2

      +Jeanne90275
      Exactly. They were never good, or honest, or practicing ethical business.

    • @almightyyt2101
      @almightyyt2101 5 років тому +1

      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

    • @gaslitworldf.melissab2897
      @gaslitworldf.melissab2897 5 років тому +1

      I don't see him as the worse person out there. I think he just got in too deep.

  • @davidfitzgerald3653
    @davidfitzgerald3653 4 роки тому +2

    Hate to say it some people you just hate when they open their mouth. He isnt one of them.

  • @robertm.muswaya8301
    @robertm.muswaya8301 5 років тому +3

    Self-gratification led to his downfall. Lol!

  • @AriannaAyers
    @AriannaAyers 3 роки тому +1

    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!

  • @adamarmstrong622
    @adamarmstrong622 5 років тому +6

    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

  • @iridescentsquids
    @iridescentsquids 3 роки тому +1

    meh.....sociopath I would say. He was almost certainly fearless and callous because that's his core nature (and to seek thrills and feel above the law/superior to others) not because he was "busy and under pressure"

  • @acetate909
    @acetate909 5 років тому +3

    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.

    • @yonisali3879
      @yonisali3879 2 роки тому

      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.

  • @thomastuohy829
    @thomastuohy829 4 роки тому +2

    Who let him pay for his own detention? Sounds like specialized criminal justice.

    • @letgo1064
      @letgo1064 4 роки тому

      Thomas Tuohy It is 😝 🤑 forced vacation at home. Justice is about protecting them not the other way around aka perverted justices for the wealthy people!

  • @mafasmunaseer
    @mafasmunaseer 5 років тому +3

    Daam That is True “The more money you ask for, the less questions asked”

  • @vaunniethayer1484
    @vaunniethayer1484 4 роки тому +2

    Greed ..the bottomless pit... the never ending gaping hole of need , never ever enough is killing every living thing in this world

  • @bdflatlander
    @bdflatlander 4 роки тому +3

    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.

  • @ALBANIAN4FREDOM
    @ALBANIAN4FREDOM 4 роки тому +1

    His story should be on the "American Greed" and not on 60 Minutes

  • @jhavajoe3792
    @jhavajoe3792 4 роки тому +5

    Yeesh! All of a sudden, I don't feel so bad being broke. I still got everything I need.

  • @blu8785
    @blu8785 4 роки тому +1

    Dude is definitely a psychopath. No fear, no emotions, no remorse, only regret and shame from getting caught.

  • @jeremyanderson1482
    @jeremyanderson1482 6 років тому +4

    I like this guy....

  • @lesliekendall5668
    @lesliekendall5668 4 роки тому +3

    "...a prisoner in his own penthouse". There are no words.

    • @bdflatlander
      @bdflatlander 4 роки тому

      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).

  • @jasonlyle3818
    @jasonlyle3818 5 років тому +2

    To work at 60 Minutes you have to be at least 60 years old.

    • @sclogse1
      @sclogse1 5 років тому

      Rhey all started 20 years ago.

  • @jordanh8207
    @jordanh8207 5 років тому +3

    He's actually quite cool

  • @kenfung664
    @kenfung664 4 роки тому +1

    Lesson of the day if your gonna commit a crime make sure its white collar more the money will lessen the consequences.