White Plains Journal News- A former top aide to famed investor and political activist George Soros will not be sentenced until at least Tuesday on charges that he conspired to defraud investors inthe hedge funds he co-founded.
U.S. District Court Judge Colleen McMahon yesterday delayed the sentencing of James Marquez, 59, who co-founded the Bayou hedge funds in Stamford, Conn. The judge wants to give prosecutors and defense lawyers a chance to settle disagreements on certain facts.
The judge scheduled a hearing in her Lower Manhattan courtroom at which the sides will have that discussion. They may also speak before the hearing in order to settle their differences, which relate to issues the defense raised in a brief last week.
Marquez, of Greenwich, Conn., started Bayou with Samuel Israel III, who lived for a time in a Mount Kisco mansion he rented from Donald Trump for $32,000 a month.
Marquez pleaded guilty in December to persuading people to invest in the funds by telling them the funds were profitable when they were in fact losing large sums of money.
