Bayou Exec's Brother Gets 21 Months, $60M Fine

Law360, New York (April 22, 2009, 12:00 AM EDT) -- A federal judge has sentenced the brother of Bayou Group LLC executive Daniel Marino to 21 months in prison, and ordered him to pay $60 million in restitution for his participation in an alleged $450 millon Ponzi scheme.

Judge Stephen Robinson of the U.S. District Court for the Southern District of Manhattan slapped Matthew Marino with the prison sentence and fine on Wednesday.

Marino pled guilty to misprision of a felony on Sept. 3, 2008, in relation to his involvement with an alleged Ponzi scheme at...
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