Thursday, 26 March 2015
Last updated 2 hours ago
Feb 10 2009 | 12:30pm ET
The girlfriend of convicted hedge fund fraudster Samuel Israel has pleaded guilty to helping him skip bail.
Debra Ryan changed her plea in the case this morning. She told U.S. District Judge Kenneth Karas that Israel had woke her up the night before he was to report to prison in June and pleaded for her help. Ryan obliged him, helping him pack the recreational vehicle in which Israel lived for his three weeks on the lam.
Just two weeks ago, Ryan pleaded not guilty to charges that she tried to send her paramour $300 in cash while he was in the Westchester County, N.Y., jail. She faces up to 10 years in prison on the aiding and abetting a failure to report to prison conviction, although prosecutors said a 4 to 10 month term is more likely.
Ryan was arrested on June 10, a day after Israel failed to report to the same Massachusetts prison in which he is now undergoing a psychological evaluation to begin a 20-year sentence. Israel’s SUV was found idling on a bridge north of New York City with the words “suicide is painless” scrawled on the hood. Authorities quickly concluded that Israel faked his death.
Ryan reportedly confessed that she helped Israel plan his fake suicide and flight, although she has pleaded not guilty to the bail-jumping charges. According to police, Ryan admitted she helped him pack the recreational vehicle in which Israel went on the run, and helped him drop the RV off at an interstate rest area. He was apparently picked up from the bridge later on June 9 and dropped off at the rest area. Israel surrendered to authorities in Massachusetts on July 2.
Israel is now at the very same prison outside Boston he was supposed to report to eight months ago, undergoing a psychological evaluation.
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…