Israel’s Ex-Girlfriend Gets Probation For Sending Him Cash

Jul 17 2009 | 1:36am ET

Hedge fund fraudster Samuel Israel’s ex-girlfriend is getting off much easier than her one-time paramour.

Debra Ryan pleaded guilty to introducing contraband—namely, three $100 bills—into a prison in Mount Pleasant, N.Y., yesterday. Ryan was charged with sending the money to Israel, who was in the Westchester County Jail, after the latter surrendered to authorities after three weeks on the run. She hid the money in a magazine she sent to Israel.

Judge Robert Ponzini said he would sentence Ryan to probation. Ryan is already serving four months’ home confinement for her role in helping Israel skip bail on the day he was to report to prison last summer to begin a 20-year sentence.

Israel, who admitted to defrauding investors n his Bayou Group hedge fund, of more than $450 million, was sentenced to another two years in prison Wednesday for failure to report to prison.

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