Saturday, 28 March 2015
Last updated 11 hours ago
Jun 12 2008 | 2:00am ET
A federal judge has issued a bench warrant for the arrest of Samuel Israel, the Bayou Group co-founder who make have faked his suicide to avoid reporting to prison.
The warrant was issued Monday—the day that Israel was to report to a Massachusetts prison to begin a 20-year sentence for defrauding investors of $450 million—but not announced until yesterday.
Israel’s SUV was found on the Bear Mountain Bridge, 40 miles north of New York City, on Monday afternoon. It had the words “suicide is painless” etched in the dust on its hood, but Israel’s body has not been found, despite days of searching the Hudson River below.
“At the request of the U.S. Attorney’s Office that same day, United States District Judge Kenneth M. Karas issued a bench warrant in White Plains federal court for Israel’s arrest,” Michael Garcia, U.S. attorney for the Southern District of New York, said. “The United States Marshals Service and Federal Bureau of Investigation are actively searching for Israel and have not ruled out any possibilities.”
The FBI reportedly believes that Israel was picked up from the bridge by another vehicle and spirited away.
“A dose of professional skepticism is appropriate,” FBI spokesman Jim Margolin told USA Today. “We are taking certain steps to ensure he doesn’t leave the country.”
He added, “we and the marshals will continue to look for him until we find him, in whatever condition he may be.”
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…