{"id":22444,"date":"2011-05-13T07:05:42","date_gmt":"2011-05-13T11:05:42","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=22444"},"modified":"2011-05-13T07:05:42","modified_gmt":"2011-05-13T11:05:42","slug":"bayou-group-estate-wins-13-million-from-hedge-funds-for-fraud-investors","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2011\/bayou-group-estate-wins-13-million-from-hedge-funds-for-fraud-investors.html","title":{"rendered":"Bayou Group Estate Wins $13 Million From Hedge Funds for Fraud Investors"},"content":{"rendered":"<p>Bloomberg &#8211; The estate of hedge-fund firm Bayou Group LLC, which turned out to be a\u00a0Ponzi scheme, won a jury verdict requiring hedge funds that redeemed their money before Bayou collapsed to pay investors $13 million, a lawyer said.<\/p>\n<p>Today\u2019s victory in federal court in Manhattan follows the estate\u2019s previous recovery of $5.4 million in \u201cfictitious profits,\u201d bringing the total recouped to more than $60 million, said Gary Mennitt, a lawyer representing the estate for the benefit of its investors.<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/news\/2011-05-13\/bayou-group-estate-wins-13-million-from-hedge-funds-for-fraud-investors.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; The estate of hedge-fund firm Bayou Group LLC, which turned out to be a\u00a0Ponzi scheme, won a jury verdict requiring hedge funds that redeemed their money before Bayou collapsed to pay investors $13 million, a lawyer said. Today\u2019s [&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-22444","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/22444","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=22444"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/22444\/revisions"}],"predecessor-version":[{"id":22445,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/22444\/revisions\/22445"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=22444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=22444"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=22444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}