Israel Alive and Well and In Custody

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Israel Alive and Well and In Custody

On July 3, 2008, in Hedge Funds, Investor Protection, SEC, Scams, Securities Industry (general), by Investor's Watchblog

After Sam Israel, the mastermind behind the $450 million Bayou hedge fund fraud, left his car on a bridge high over the Hudson River with a note scrawled on the hood suggesting he had jumped to his death, we wrote a post called He’s Alive, predicting his capture in another country. He didn’t get that far. [...]

After Sam Israel, the mastermind behind the $450 million Bayou hedge fund fraud, left his car on a bridge high over the Hudson River with a note scrawled on the hood suggesting he had jumped to his death, we wrote a post called He’s Alive, predicting his capture in another country. He didn’t get that far. Yesterday Israel walked into a small town police station in Massachusetts - after three weeks on the lam - and turned himself in. He claims that he tried to commit suicide by drug overdose, but woke up instead. He’ll live to face his 20-year prison sentence, and likely 10 more years for his three-week vacation.