Cases / Trading, forex & commodities
Bayou Management LLC, Bayou Funds
Samuel Israel III, Daniel E. Marino
This entry summarizes public reporting and government filings. Charges and civil complaints are allegations unless a court has entered a conviction or judgment — check the source for the current status.
- Company / entity
- Bayou Management LLC, Bayou Funds
- Industry
- Hedge funds
- How investors were recruited
- Principals directly solicited new and existing investors, keeping them with weekly newsletters and performance reports.
- Pitch & red flags
- Grossly exaggerated performance; claimed 2003 profit of $43M when funds lost $49M; forged audited financial statements
Source
Related cases · Trading, forex & commodities
All trading, forex & commodities cases →