UPDATE: Bayou’s Israel ‘Armed And Dangerous’

Jun 12 2008 | 11:43am ET

Federal marshals have issued a wanted posted for Bayou Group co-founder Samuel Israel, saying the missing hedge fund fraudster should be considered “armed and dangerous.”

Justice Dept. Wanted Poster for Samuel IsraelJustice Dept. Wanted Poster for Samuel IsraelThe U.S. Marshals Service in New York issued the poster today, three days after Israel’s SUV was found on a bridge 40 miles north of the city with the words, “suicide is painless” etched into the dust on its hood. New York State Police and the Federal Bureau of Investigation have found no body or other evidence that Israel actually leapt from the span over the Hudson River, with the latter believing that Israel was picked up from the bridge by another vehicle. Both the FBI and U.S. Marshals are searching for Israel, and a bench warrant for his arrest was issued on Monday.

A spokesman for the U.S. Marshals Service said the “armed and dangerous” language is fairly standard for wanted posters.

“If this is a guy who is still with us, he’s probably pretty desperate,” Steve Blando said.

There is currently no reward on offer for information leading to Israel's capture, the Marshals Service says.

Israel was set to report to a prison Monday in Massachusetts to begin a 20-year sentence for defrauding investors of $450 million.

RELATED STORIES

Arrest Warrant Issued For Missing Bayou Fraudster
Feds Suspect Israel Faked Suicide
FBI, Marshals Hunt For Missing Bayou Fraudster
Bayou Group Founder A Possible Suicide
Bayou’s Israel Gets 20 Years

Bayou Group Head To Be Sentenced Today


In Depth

Q&A: Neil Azous Talks Global Macro Investing

Nov 24 2014 | 12:41pm ET

Neil Azous is the founder and managing member of Rareview Macro, an advisory firm...

Lifestyle

Griffin Selling Chicago Apartment

Nov 26 2014 | 11:40am ET

Citadel Investment Group’s Kenneth Griffin is making clear to his estranged wife...

Guest Contributor

Why The Big Money Is Going To Europe

Nov 14 2014 | 6:03am ET

Peer-to-peer lending was invented with the individual investor in mind. But despite...

 

Sponsored Content

    For Hedge Funds, Mastering Data Is Key To Success

    Nov 4 2014 | 9:45am ET

    Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

November 2014 Cover

Building a better market

Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.