We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

"Linchpin" Of Bayou Fraud Gets 20 Years

Law360 (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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.