Ex-Broker Who Helped Dreier In Hedge Fund Scams Is Arrested

, New York Law Journal

A broker who allegedly helped disgraced attorney Marc Dreier market millions of dollars in bogus promissory notes to hedge funds was arrested Monday night. According to a criminal complaint unsealed yesterday in the Southern District, Kosta Kovachev posed as the comptroller of the real estate developer Solow Realty when Mr. Dreier attempted to sell a New York City hedge fund $115 million in notes that purportedly were issued by Solow.

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