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Two weeks ago, Eric Dillon went to the offices of Bayou Management. He’s a money manager and he wanted to find out what was happening at the hedge fund. The fund had abruptly shut down, and despite promising to return everyone’s money, no money had been dispersed. Also, no phone calls were being returned. Dillon knocked on the Bayou’s front door, but no one came. He came in through an unlocked back door, and on the CFO’s desk, he found a letter that began, “This is my suicide note and confession.”

The Wall Street Journal has the whole story. Also, Gretchen Morgenson wrote about Bayou on Sunday.

Posted by edelfenbein at August 29, 2005 10:17 AM