Skip to: Content
Skip to: Site Navigation
Skip to: Search

October 8, 2008 2:42:36 AM CDT

Learn about Newser Points »

Stories related to: Bayou Group

Stories

7 Stories

  • July 2008

    • Israel to Judge: I Did Attempt Suicide

      Associated Press  |  Jul 3, 08 11:24 AM CDT

      Israel to Judge: I Did Attempt Suicide

      (AP) - 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. Samuel Israel appeared in Manhattan federal court today for a new charge that could get him an extra 10 years. More »

      Tags

      suicide  • fraud  • hedge fund  • fugitive  • Samuel Israel  • Bayou Group

    • Fugitive Hedge- Fund Swindler in Feds' Custody

      Associated Press  |  Jul 2, 08 11:02 AM CDT

      Fugitive Hedge- Fund Swindler in Feds' Custody

      (AP) - It's official: Samuel Israel definitely isn't dead. The fugitive hedge-fund swindler turned himself in today, federal authorities say. Israel disappeared last month on the day he was supposed to report to federal prison. His car was found parked near a bridge over the Hudson River, with the words "suicide is painless" scrawled in the dust on the hood, leading to brief speculation that Israel had killed himself. More »

      Tags

      suicide  • hedge fund  • fugitive  • Samuel Israel  • Bayou Group

  • June 2008

    • Girlfriend of Fugitive Fund Chief Charged

      Associated Press  |  Jun 19, 08 6:21 PM CDT

      Girlfriend of Fugitive Fund Chief Charged

      (AP) - The girlfriend of a hedge fund swindler whose car was found abandoned in New York has been charged with helping him elude his sentence. Police arrested Debra Ryan today and accused her of aiding and abetting the escape of Samuel Israel III, who bilked investors out of $450 million. He failed to report to prison, and police say he left his car by a bridge and faked his own suicide. More »

      Tags

      hedge fund  • fugitive  • Samuel Israel  • Bayou Group

    • Bridge 'Suicide' Ruled Fugitive

      Bloomberg  |  Jun 17, 08 3:57 AM CDT

      Bridge 'Suicide' Ruled Fugitive

      (Newser) - A New York hedge fund manager who bilked investors out of $400 million has been declared a fugitive by federal authorities, reports Bloomberg. "Suicide has been ruled out,'' said a spokesman for the US Marshals Service. Samuel Israel disappeared the day he was scheduled to begin a 20-year sentence last week. His car was found on a bridge over the Hudson River, with "suicide is painless" scrawled in the dust on the windshield. More »

      Tags

      suicide  • New York Stock Exchange  • hedge funds  • Samuel Israel  • Bayou Group  • Ponzi scheme

    • With No Body, Cops Doubt NY Banker's Suicide

      Wall Street Journal  |  Jun 11, 08 11:31 AM CDT

      With No Body, Cops Doubt NY Banker's Suicide

      (Newser) - An international manhunt is now under way for a former hedge-fund manager who disappeared the day he was to begin serving a prison sentence for defrauding investors. A car belonging to Samuel Israel III was found Monday at a bridge over New York's Hudson River, the Wall Street Journal reports; though bodies of suicide jumpers are normally found quickly, there's no sign of Israel. More »

      Tags

      suicide  • fraud  • hedge fund  • investment bankers  • Samuel Israel  • Bayou Group

    • Hedge Fund Fraud Missing; Suicide Possible

      Wall Street Journal  |  Jun 10, 08 2:23 PM CDT

      Hedge Fund Fraud Missing; Suicide Possible

      (Newser) - Police aren't ruling out suicide as a New York hedge-fund manager due to begin serving a 20-year prison term yesterday remains missing, the Wall Street Journal reports. Police found Samuel Israel's car parked near a bridge over the Hudson, with “Suicide is painless” written in dust on the hood. More »

      Tags

      suicide  • fraud  • hedge fund  • Samuel Israel  • Bayou Group  • white collar crime  • defrauding investors

  • April 2008

    • Hedge Fund Fraud Gets 20 Years

      Bloomberg  |  Apr 14, 08 4:45 PM CDT

      Hedge Fund Fraud Gets 20 Years

      (Newser) - The founder of defunct hedge fund Bayou Group was given a 20-year prison term today for bilking investors out of more than $400 million, Bloomberg reports. Samuel Israel must also pay $300 million in restitution for masterminding a “ponzi scheme” in which investment returns were paid with new investors’ money. His sentence is the longest for a white-collar crime since Enron litigation. More »

      Tags

      fraud  • prison  • hedge fund  • Samuel Israel  • Bayou Group  • white collar crime  • defrauding investors

7 Stories

Today's Most Popular

Loading...

Premium Articles from HighBeam

Find more articles like this

What is Newser?

2008 Codie Finalist

Newser gives you more news in less time. We search for the best and most important stories all over the web, read them for you, and deliver concise and sharp summaries—along with links to the full text. Newser provides a way to stay on top of an ever-expanding horizon of news and opinion—politics, sports, business, trends, technology, personalities, crimes, and controversies. Newser keeps you not just better informed, but, with our signature graphic interface and smart condensed format, more enjoyably informed.

Learn more »