Bayou Group Fraudster Turns Himself In

Jul 2 2008 | 11:29am ET

Hedge-fund-fraudster-turned-fugitive Samuel Israel surrendered to police this morning after more than three weeks on the lam.

The Bayou Group founder turned himself in to police at 9:30 a.m. in Southwick, Mass., just outside Springfield and 80 miles from the bridge where his SUV was found on June 9 with the words, “suicide is painless,” scrawled on the hood. The U.S. Attorney’s office in Manhattan confirmed that Israel is in federal custody.

Israel disappeared on the day he was scheduled to report to prison outside Boston to begin serving a 20-year sentence for defrauding investors of $450 million. His vehicle was found idling on the Bear Mountain Bridge 40 miles north of New York City at about noon on June 9, leading to a massive manhunt.

Despite the staged suicide, authorities quickly concluded that Israel was not in the Hudson River but on the run. Two weeks ago, Israel’s girlfriend, Debra Ryan, admitted she helped him pack a recreational vehicle in the days before his disappearance and then lied to police about his movements on that morning. She has been charged with aiding Israel’s flight, and faces as much as 10 years in prison.

RELATED STORIES

FBI Releases New Israel Details
Israel’s Girlfriend Faces Decade In Prison
Bayou Group Fraudster’s Girlfriend Charged With Helping Him Flee
Feds Rule Out Suicide In Israel Disappearance
Investigators Probe Possible Israel Getaway Driver, Money Trail
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


In Depth

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

Why Is The Shipping Industry Underwater?

Jul 31 2014 | 7:31am ET

Anyone who’s taken a look at the global shipping industry recently probably knows...

 

Publisher's Note