Arizona authorities have detained $101 million, which was found in a Wachovia Bank account and is believed to be a portion of the missing funds from the embattled Bayou Fund, according to The Wall Street Journal.

The Stamford, Conn.-based hedge fund is accused of a massive fraud in which five Citibank bank accounts were emptied out in just six days. The withdrawals totaled about $161 million, authorities say.

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