Marc Dreier, the prostitute-loving attorney accused of bilking investors out of more than $400 million, will be giving up his luxury prison: The disgraced lawyer pleaded guilty this afternoon to conspiracy, securities fraud, money laundering and five counts of wire fraud. He faces up to 20 years on each count of securities fraud, and prosecutors have indicated they plan to ask for a life sentence. Either way, his habit of wrapping his arms around much larger black men should continue to many years to come. [WSJ]
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