In a weird case of both fraud and impersonation, Marc Dreier’s ponzi scheming ran into the suspicions of some Bay St. types in Toronto, who wisely alerted police. Today, his world of 121 foot yachts, a luxurious Manhattan lifestyle, and his 250 person law firm has reached its final collapse, as he was sent up for 20.
Dreier used investors’ money to subsidize the money-losing firm, to pay off some of the victims of the scam and to buy luxuries for himself, including a 121- foot yacht, vacation homes in the Hamptons on New York’s Long Island and a $39 million contemporary-art collection. The judge said he was surprised that Dreier’s letter showed an “understanding” of his crimes. Letters that victims wrote to the judge depicted Dreier as “arrogant, condescending and cruel” – Bloomberg
If he had taken the zeroriskHR profile, I wonder what his scores would have been on empathy towards others and adherence to rules.
We know that statistically, a good fit to a benchmark score, will contribute to peak performance.
