Bayou Creditors Win Redemption From Redeemers

Nov 10 2006 | 3:36pm ET

Is this (finally) the beginning of the end of the Bayou Group story?

With principal fraudsters Samuel Israel and Daniel Marino awaiting sentencing on all manner of fraud and wrongdoing charges, court-appointed receiver Jeff Marwil claimed victory in winning back some of the hedge funds’ “fictitious profits.”


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