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Hedge Fund Fraud Missing; Suicide Possible

Car on NY bridge belonged to exec due yesterday in prison
By Kevin Spak,  Newser Staff
Posted Jun 10, 2008 2:23 PM CDT
Hedge Fund Fraud Missing; Suicide Possible
In this April 14, 2008 file photo, Bayou Group hedge-fund founder Samuel Israel III, right, arrives at the U.S Courthouse in New York.   (AP Photo/Craig Ruttle, File)

(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.

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Israel was convicted of bilking Bayou Group investors out of $400 million. “We can't say conclusively at this point that he jumped off the bridge,” said one investigator. (Read more hedge fund stories.)

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