Hedge fund scammer tells NY judge he tried to kill himself - USATODAY.com

                   
usatoday.com     04-Jul-2008            

Former hedge fund manager Samuel Israel III is escorted by federal law enforcement officials out of the U.S. District Court in Springfield, Mass., on Wednesday. By Larry Neumeister, Associated Press Writer NEW YORK — A hedge fund cheat who faked his own death to dodge a 20-year prison sentence told a judge in federal court in Manhattan on Thursday that he tried to overdose on drugs before he surrendered in Massachusetts. The judge told Samuel Israel III, who scammed nearly half a billion dollars from investors, that he must forfeit his $500,000 bail, and she ordered him to jail immediately. EARLIER: Wanted fund chief rides scooter to police HQ, turns himself in TIMELINE: From Israel's sentence in April to his surrender Wednesday Flanked by two lawyers, the 48-year old co-founder of Bayou Group hedge fund was dressed in a blue... [read full story]                    

Full Coverage
                   

Mother Puts Foot Down As Hedge Fund Rogue Gives Himself Up

hereisthecity.com     03-Jul-2008          

Samuel Israel III, the Bayou Group hedge fund founder defrauded his investors of $450m, got caught and received a 20-year jail sentence. He then legged it (faking his suicide in the process) on the day he was supposed to report...                    

comments

                   

'Suicide' hedge fraudster found

thisismoney.co.uk     03-Jul-2008          

Israel arrived at a Massachusetts police station on a Yamaha scooter while talking to his mother on a mobile phone. Police said he had been holed up at a nearby caravan park in the camper van he used as an escape vehicle....                    

comments

                   

'Suicide' hedge fraudster found on campsite

thisismoney.co.uk     03-Jul-2008          

Israel arrived at a Massachusetts police station on a Yamaha scooter while talking to his mother on a mobile phone. Police said he had been holed up at a nearby caravan park in the camper van he used as an escape vehicle....                    

comments

                   

US hedge fund fugitive returns to court

ft.com     03-Jul-2008          

By Anuj Gangahar in New York Samuel Israel on Thursday was denied bail and ordered to be jailed immediately after the former hedge fund manager abused his previous bail terms by faking his own death and going on the run,...                    

comments

                   

Judge in NY scolds hedge fund scammer who ran away

kirberts.co.uk     03-Jul-2008          

NEW YORK (AP) — A hedge fund cheat who tried to fake his own death and spent nearly a month as a fugitive told a judge Thursday that he really did try to commit suicide while on the run, saying he thought it would be better to...                    

comments

                   

Hedgie Tried To Kill Himself By Eating His Fentanyl Patches

hereisthecity.com     04-Jul-2008          

Yes, Samuel Israel III, the founder of hedge fund Bayou Group who gave himself up to US authorities Wednesday after almost one month on the run, told a judge Thursday that he tried to commit suicide by eating his fentanyl patches.                    

comments