Friday, 27 March 2015
Last updated 1 hour ago
Sep 16 2008 | 1:12pm ET
Samuel Israel allegedly skipped town to avoid going to prison. Now that he’s there, authorities are in no rush to pad his time behind bars.
The convicted Bayou Group swindler was prevented for a second time from pleading guilty to charges that he failed to appear as scheduled to begin his 20-year term for defrauding investors. His lawyer, Barry Bohrer, told U.S. District Judge Kenneth Karas that Israel’s continuing treatment for painkiller addiction means he needs more time “to perceive and actively understand what’s going on.”
Karas agreed, again rescheduling Israel’s plea hearing, this time for Oct. 22.
Last month, Karas refused to allow Israel to enter a plea after the latter declared himself only “60% to 70%” competent to do so.
Israel was set to report to a federal prison camp west of Boston on June 9 to begin a 20-year sentence. But he allegedly faked his suicide and went on the rune, turning himself in more than three weeks later.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…