{"id":16422,"date":"2010-06-28T06:58:51","date_gmt":"2010-06-28T10:58:51","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=16422"},"modified":"2010-06-28T06:58:51","modified_gmt":"2010-06-28T10:58:51","slug":"goldman-sachs-ordered-to-pay-20-6-million-related-to-bayou-hedge-fund-fraud","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2010\/goldman-sachs-ordered-to-pay-20-6-million-related-to-bayou-hedge-fund-fraud.html","title":{"rendered":"Goldman Sachs Ordered To Pay $20.6 Million Related To Bayou Hedge Fund Fraud"},"content":{"rendered":"<p>American Banking &#8211; The Financial Industry Regulatory Authority has ordered Goldman Sachs  (NYSE: GS) to pay $20.6 billion to victimized investors of a Ponzi  scheme run by Bayou Hedge Funds.\u00a0 The three-person arbitration panel for  the financial regulatory agency ruled that Goldman Sachs should have  been aware of the Ponzi scheme being run at the hedge fund.<\/p>\n<p>Goldman Sachs\u2019 clearing unit is being held directly liable in the  complaint.\u00a0 The $20.6 million is the amount that Bayou Hedge Funds  deposited into its accounts at Goldman, which handled the funds trading  between 1999 and 2004.<\/p>\n<p><a href=\"http:\/\/www.americanbankingnews.com\/2010\/06\/28\/goldman-sachs-nyse-gs-ordered-to-pay-20-6-million-related-to-bayou-hedge-fund-fraud\/\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>American Banking &#8211; The Financial Industry Regulatory Authority has ordered Goldman Sachs (NYSE: GS) to pay $20.6 billion to victimized investors of a Ponzi scheme run by Bayou Hedge Funds.\u00a0 The three-person arbitration panel for the financial regulatory agency ruled [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-16422","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/16422","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=16422"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/16422\/revisions"}],"predecessor-version":[{"id":16423,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/16422\/revisions\/16423"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=16422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=16422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=16422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}