Tuesday, 1 December 2015
Last updated 15 hours ago
Jul 3 2008 | 2:54pm ET
Prosecutors are making available to victims more than one-third of the money lost by investors in the Bayou Group fraud.
The U.S. Attorney’s office in Manhattan said that $115,6 million in seized from Bayou and its three principals is available for distribution to its 288 victims. About 75% of that money will be available immediately, with another 25% held in reserve pending a continuing bankruptcy proceeding.
Bayou collected some $450 million from investors, losing roughly $300 million of it.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…