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Entries from Gothamist tagged with 'samuelisrael'

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 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"

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