Thursday, 2 October 2014
Last updated 1 hour 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.”
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...