 On September 29, 2005, the Commodity Futures Trading Commission (CFTC) filed a complaint against Bayou, Israel, Marino, and Richmond Fairfield in the United States District Court for the Southern District of New York, alleging misappropriation and fraud.The hedge fund filed for Chapter 11 bankruptcy-court protection in White Plains, New York, in 2006.Over $100 million seized by authorities after the collapse had not yet been distributed to victims as of June 24, 2008.