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.

story continues below

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.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.