Authorities Question Possible Israel Getaway Driver

Jun 13 2008 | 2:00am ET

Authorities are questioning the possible getaway driver involved in hedge fund fraudster Samuel Israel’s disappearance, and they are increasingly certain that Israel did not commit suicide.

Two local New York television stations report that U.S. Marshals and the New York State Police are questioning a man in connection with Israel, who failed to report to prison to begin a 20-year sentence for defrauding investors of $450 million on Monday. Israel’s SUV was found on the Bear Mountain Bridge, 40 miles north of New York City, on Monday afternoon, with the words “suicide is painless” scrawled in the dust on its hood.

Investigators are trying to determine if the man, whose car was reportedly recorded by cameras at the bridge, was Israel’s getaway driver. A surveillance camera may have caught a second car pulling up alongside Israel’s 2006 GMC Envoy, but failed to capture Israel entering the second vehicle, or even leaving his own.

Federal Marshals are looking into where the man being questions was on Monday. The driver was reportedly tracked by surveillance cameras and E-ZPass records.

The possible break has fortified authorities in their belief that Israel did not jump off the bridge.

Israel “definitely did not jump and is definitely on the run,” a “well-placed” source told WABC’s Eyewitness News. WNBC reports that the Marshals believe Israel is on the run in an RV or mobile home.

Authorities are expanding their efforts to track down Israel. A bench warrant for his arrest was issued on Monday, and Marshals issued a wanted poster featuring Israel today. The Marshals have also asked Interpol to put out an international alert for the suspected fugitive. Police are also continuing to search the Hudson River; it can take several days or even weeks for a body to surface after a suicide.

RELATED STORIES

Bayou’s Israel ‘Armed And Dangerous’
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

Cohen Buys $101 Million Sculpture

Nov 12 2014 | 9:17am ET

Steven Cohen was the sole bidder for a rare Alberto Giacometti sculpture at Sotheby...

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.