Samuel Israel III

Samuel Israel III

Infobox Criminal


subject_name = Samuel Israel III
religion
image_size =
image_caption =
date_of_birth = July 20, 1959
place_of_birth = Louisiana, U.S.
date_of_death =
place_of_death =
religion = Christian
charge = Fraud
penalty = sentenced to 20 years
status = Incarcerated
occupation = Former hedge fund manager and investment advisor
girlfriend = Debra Ryan
parents =
children =

Samuel Israel III (born July 20, 1959 in Louisiana) was a hedge fund manager for the fraudulent Bayou Hedge Fund Group, which he founded in 1996. Though Christian, he comes from a prominent Jewish-American family with roots in New Orleans, Louisiana. [ [http://www.nytimes.com/2008/06/14/business/14bayou.html?_r=1&ref=business&oref=slogin The Search for a Missing Trader Goes Global] - "Although the Israel family is prominent in the Jewish community in New Orleans — Mr. Israel’s father was recently honored by a local hospital for his philanthropic work and their rabbi also submitted a letter of support to the judge... Mr. Israel wrote that he has 'always been a person of Christian faith, but through my saturating guilt and profound shame, I have reassessed what it means to be a Christian.'" - "The New York Times", June 14, 2008] In 2008, Israel was convicted and sentenced to twenty years for his involvement in a $450 million fraud. He was immediately released on bail.

His 2006 GMC Envoy was found abandoned on the Bear Mountain Bridge on June 10, 2008 with the words "Suicide is Painless", the title of the theme song from the "M*A*S*H" TV series, written on the hood. Police suspected that this was an attempt by Israel to fake his own death in order to avoid prison. [ [http://www.nypost.com/seven/06102008/news/regionalnews/suicide_note_left_on_convicted_swindlers_114897.htm Suicide note left on swindler's car on bridge] New York Post, June 10, 2008] Israel's girlfriend Debra Ryan was arrested for aiding and abetting his escape later in June 2008, and was released on bail. According to police, Ryan admitted that she and Israel parked an RV loaded with Israel's belongings near Bear Mountain Bridge on the day before his disappearance. [ [http://www.nytimes.com/2008/06/20/business/20bayou.html Fugitive Fund Manager’s Girlfriend Is Charged] , New York Times, June 20, 2008] The pair have been featured on "America's Most Wanted". [ [http://www.amw.com/fugitives/brief.cfm?id=56585 America's Most Wanted - Samuel Israel - Fugitive] ]

Israel surrendered to federal authorities on July 2, 2008. NBC aired a "Dateline" segment about him on September 5, 2008. [ [http://www.msnbc.msn.com/id/25495609/ Hedge-fund swindler Israel surrenders] Reuters]

References

External links

* [http://www.nytimes.com/2008/06/14/business/14bayou.html? The Search for a Missing Trader Goes Global] NY Times, June 14, 2008.
* [http://www.fbi.gov/wanted/alert/israel_s.htm Israel's FBI wanted poster]
* [http://www.usmarshals.gov/investigations/major_cases/israel.pdf Israel's U.S. Marshals wanted poster]
* [http://www.msnbc.msn.com/id/25495609/ Fugitive hedge-fund swindler in federal custody (Reuters) July 2, 2008.]
* [http://www.time.com/time/business/article/0,8599,1819693,00.html?xid=feed-rss-netzero Hedge-Fund Fugitive in Custody] Time (magazine) July 2, 2008
* [http://www.nytimes.com/2008/07/03/business/03bayou.html?th&emc=th Fund Manager Who Faked His Suicide Surrenders] NY Times July 3, 2008


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