UPDATE: Israel Plea Delayed Again

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.


In Depth

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Vortic: Reimagining the Custom Wristwatch

Sep 27 2016 | 7:24pm ET

American watch manufacturer Vortic, which started out restoring antique pocket watch...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...