"Linchpin" Of Bayou Fraud Gets 20 Years

Law360, New York (January 30, 2008, 12:00 AM EST) -- Daniel Marino on Tuesday became the second of three prominent former executives at collapsed hedge fund group Bayou Management LLC to be sentenced for securities fraud, with a federal judge ordering him to serve 20 years in prison.

Judge Colleen McMahon of the U.S. District Court for the Southern District of New York imposed the sentence almost two and a half years after Marino, the funds' accountant, pled guilty to conspiracy, investment adviser fraud, mail fraud and wire fraud for his role in a scheme that...
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