Ex-Bayou Boss Settles With SEC In Hedge Fund Fraud

Law360, New York (May 22, 2008, 12:00 AM EDT) -- A former Bayou Fund LLC executive sentenced to 51 months in prison for allegedly defrauding investors out of millions of dollars has settled a civil injunction action from the U.S. Securities and Exchange Commission.

The SEC filed the charges Thursday in the U.S. District Court for the Southern District of New York against James G. Marquez, former portfolio manager and principal of the collapsed Connecticut-based hedge fund.

Without admitting or denying the charges, Marquez has agreed to a final judgment restraining him from future violations of...
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