Tuesday, 21 October 2014
Last updated 7 hours ago
Jun 17 2008 | 2:00am ET
State and federal officials said yesterday that they are now certain that Bayou Group founder Samuel Israel did not commit suicide last week and that the convicted hedge fund fraudster is on the run.
The U.S. Marshals Service said that suicide has been ruled out, and the New York State Police acknowledged that they have stopped looking for Israel’s body in the Hudson River. Israel disappeared last Monday, the day he was set to report to prison to begin a 20-year sentence; his SUV was found on the Bear Mountain Bridge, 40 miles north of New York City, with the words “suicide is painless” written on the hood.
But authorities were suspicious almost immediately. Surveillance videos did not catch anyone leaping from the bridge—in fact, they may have caught the getaway driver on tape—and no eyewitnesses saw Israel jump. A bench warrant for his arrest was issued on the day he disappeared, and the Marshals and Federal Bureau of Investigation have been looking for a fugitive—and not a body—for a week.
“The evidence doesn’t point to a suicide,” Joseph Guccione of the Marshals told the Associated Press. He said a wanted poster issued last week had produced few calls, and declined to say whether investigators believe Israel was still in the U.S.
Israel pleaded guilty to defrauding investors of $450 million in 2005.
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Authorities Question Possible Israel Getaway Driver
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
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…
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