Bayou Exec Sentenced To 51 Months For Fraud

Law360, New York (January 22, 2008, 12:00 AM EST) -- A former top executive at collapsed hedge fund group Bayou Management LLC has been sentenced to 51 months in federal prison after pleading guilty to one count of conspiracy to defraud investors, federal prosecutors announced.

Judge Colleen McMahon of the U.S. District Court for the Southern District of New York sentenced James G. Marquez to serve the time, beginning in April, for conspiring in a scheme with Bayou co-founder Samuel Israel III and the funds’ accountant, Daniel E. Marino, both of whom pled guilty to related...
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