Wednesday, June 11, 2008

Fraudulent man fails to report to jail

The New York Times discloses that Samuel Israel III failed to show up on Monday, June 9, for his sentence of 20 years in prison. Israel, a former hedge fund manager and co founder of the Bayou Group, received the sentence after cheating his investors out of $450 million. He plead guilty to these accusations in 2005.

On Monday, his sport utility vehicle was found on a bridge over the Hudson River, with the message “Suicide is Painless” etched into the hood. His whereabouts are unknown, and a body has not yet been found.

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