Fraud and Corruption, so mcuh news I can't keep up with it.
2 Top Bayou Executives Plead Guilty to Fraud - New York Times: "The two principals of the Bayou Group, the Connecticut hedge fund that collapsed this summer, pleaded guilty to fraud charges today in Federal District Court in White Plains, N.Y."
Before their appearance in court today, Mr. Israel and Mr. Marino had not been seen publicly for more than a month as their investors sought frantically to find anyone at the firm after communications stopped and some checks did not clear. Prosecutors say the hedge fund raised $450 million from investors.