Saturday, 30 August 2014
Last updated 1 day 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...