Entries from Gothamist tagged with 'samisrael'
July 3, 2008
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......
Continue Reading "Hedge Fund Swindler Actually Did Attempt Suicide"July 2, 2008
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......
Continue Reading "Suicide-Faking Hedge Fund Fugitive Surrenders"June 21, 2008
David Brooks, who is the subject of a pump and dump stock scheme investigation that allegedly netted him hundreds of millions of dollars, had the restrictions on his $400 million bail loosened this week by a judge who feels he's only a minor flight risk. Brooks was the CEO of DHB Industries, a maker of bullet proof body armor worn by the U.S. military and the NYPD. Law enforcement became more interested in Brooks when......
Continue Reading "Bail Relaxed for CEO Accused of Stealing Millions"June 20, 2008
Authorities arrested the girlfriend of the fugitive hedge fund scammer yesterday. Debra Ryan reportedly confessed that she helped Sam Israel, who was sentenced to 20 years in prison for swindling hundreds of millions from investors, plan his disappearance a week and a half ago. On June 10, Israel was supposed to report to a federal correctional facility in Massachusetts, but his empty GMC Envoy was found on the Bear Mountain Bridge. The words "suicide is......
Continue Reading "Missing Hedge Funder's Girlfriend Helped Him Escape"June 13, 2008
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......
Continue Reading "Search is Still on for Missing Hedge Fund Scammer"June 11, 2008
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......
Continue Reading "Missing Hedge Fund Swindler Wanted by Authorities"June 10, 2008
Two months ago, Sam Israel III was sentenced to 20 years at a Massachusetts prison for swindling $450 million from investors in his hedge fund, the Bayou Hedge Fund Group. He was supposed to report to prison yesterday, but he never showed up. Instead his 2006 GMC Envoy was found on the Bear Mountain Bridge, keys still in the ignition and the words "Suicide is painless" (the theme song to M*A*S*H) written on the dusty......
Continue Reading "Convicted Hedge Funder's Mysterious Disappearance"
