FBI Releases New Israel Details

Jul 1 2008 | 11:03am ET

More than three weeks after hedge fund fraudster Samuel Israel disappeared instead of reporting to prison, the Federal Bureau of Investigation has released new details about the Bayou Group founder’s flight from justice.

Samuel Israel's recreational vehicleSamuel Israel's recreational vehicleIn its own wanted poster, posted on its Web site yesterday, the FBI says Israel may be traveling in a white 2007 Coachman Freelander recreational vehicle with a blue 2005 Yamaha scooter attached to the back. The wanted poster even includes a possible New York license plate number, EEN-5973, and a photo of the RV.

The FBI says Israel may be staying at highway rest areas or campgrounds, and includes a variety of possible aliases, including San Ryan, David Clapp and Samuel Letrois.

The U.S. Marshals Service issued its own Israel wanted posted three days after his disappearance, warning that the fugitive should be considered “armed and dangerous.”

Israel disappeared June 9, the day he was scheduled to report to prison to begin serving a 20-year sentence for defrauding investors of $450 million. His SUV was found idling on a bridge 40 miles north of New York City with the words “suicide is painless” scrawled on the hood. But his body has not been found in the Hudson River, and authorities believe that he faked his death.

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Bayou Group Head To Be Sentenced Today


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