# Hedge Fund Operator Bayou Management, Its Employees Samuel Israel III And Daniel E. Marino, And Accounting Firm Richmond Fairfield Associates, Are Charged With Misappropriation And Fraud In An Action Brought By U.S. Commodity Futures Trading Commission

> CFTC release 5121-05 · 2005-09-29 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 5121-05
- **Release date:** 2005-09-29
- **Type:** Fraud
- **Title:** Hedge Fund Operator Bayou Management, Its Employees Samuel Israel III And Daniel E. Marino, And Accounting Firm Richmond Fairfield Associates, Are Charged With Misappropriation And Fraud In An Action Brought By U.S. Commodity Futures Trading Commission
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/5121-05

## What this is

CFTC enforcement actions cover derivatives + commodities + crypto fraud cases. The Commission charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension.


## Citation

> US Commodity Futures Trading Commission, press release 5121-05, "Hedge Fund Operator Bayou Management, Its Employees Samuel Israel III And Daniel E. Marino, And Accounting Firm Richmond Fairfield Associates, Are Charged With Misappropriation And Fraud In An Action Brought By U.S. Commodity Futures Trading Commission", 2005-09-29. Retrieved via AI Analytics 2026-07-19 from https://api.ai-analytics.org/cftc-action/5121-05.

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