Samuel Israel, the hedge fund founder who went on the lam the day he was supposed to start a 20-year prison sentence, told a judge he did try to kill himself two days ago. WCBS 2 reports that during this morning's hearing in a Manhattan federal court, Israel claimed "he swallowed 175 morphine pills and the rest of his painkillers for his bad back." However, when he woke up, he "realized God didn't want me......

Samuel Israel, the hedge fund founder who went missing just as he was supposed to report to prison for 20 years, is reportedly in police custody after surrendering early this morning. The NY Times reports Israel had been in Southwick, Massachusetts where he "was talking to his mother on the phone when he walked into a local jail and surrendered to the United States Marshals task force." Israel, who was convicted of swindling hundreds of......

The NY Sun reports 26 out of the 51 City Council members support an Assembly bill that would require hedge fund and private equity managers to pay more in taxes. The City Council is looking for ways to raise money (like implementing a hotel room tax) rather than slashing programs, noting, "With New York City facing tight budget projections in the years to come, it is incumbent on all of us to make sure everyone......

After released a "Wanted" poster and questioning someone who may have been involved with an escape, law enforcement officials doubt that hedge fund founder Samuel Israel killed himself. Israel, who was convicted and sentenced to 20 years in prison for swindling $450 million out of investors, was supposed to arrive at federal prison on Monday, but instead his empty SUV was found the Bear Mountain Bridge. The words "Suicide is Painless" were written on......

A bench warrant was issued for the arrest of Samuel Israel III, the hedge fund founder who was convicted of scamming investors of $450 million. Israel was supposed to report for a 20-year prison sentence in Massachusetts on Monday, but instead, his empty car was found on the Bear Mountain Bridge with "Suicide is painless" written on the hood. Speculation is high that Israel staged his death. NY State police investigator Bruce Cuccia said, "It......

The Federal Reserve Board may be sending distress signals about a “prolonged and severe economic downturn,” but ultrarich individuals like hedge fund manager Lee Tachman aren’t sweating it; the 38-year-old Tachman just spent $50,000 on a four day vacation to Miami with three of his bros. According to a ‘Happy Monday’ article in the Times, Tachman’s crew rolled with a “private jet, helicopter, Hummer limousine, Ferraris and Lamborghinis; stayed in V.I.P. rooms at Casa Casuarina,......