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No, the second marriage would not be legal if the first marriage (between the two of you) is still intact. Instead, it would be a void marriage based on bigamy.
The action shouldn't have much of an affect on you.....other than to cause confusion regarding your marital status.
It may be good grounds to file for divorce and would likely be leverage when you deal with support and property division issues.
The main thing to keep in mind is that you haven't done anything wrong.....so whatever comes of this shouldn't be adverse to you.
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