Surrendered hedge fund scammer tells NY judge he tried to kill himself
By LARRY NEUMEISTER | Associated Press | Jul 3, 08 9:33 AM CDT in
US
A hedge fund cheat who faked his death to try to dodge a 20-year prison sentence has told a judge that he did actually try to commit suicide this week.
A massive manhunt ended Wednesday when Samuel Israel III surrendered in Massachusetts. He appeared in Manhattan federal court on Thursday for a new charge that could get him an extra 10 years.
Israel disappeared on the day he was to report to prison. He abandoned his SUV on a bridge north of New York City with the words "Suicide is Painless" scrawled in dust on the hood.
He was sentenced in April for conspiracy and fraud for scamming half a billion dollars from investors.
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