June 13th, 2008
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New York (HedgeCo.Net) - The manhunt continues for former Bayou hedge fund manager Sam Israel, who went missing just hours before his scheduled jail term of 20 years.
Israel’s 2006 GMC SUV was found abandoned on the bank of the Hudson River just north of New York City, with the words ‘Suicide is Painless’ written through the dust on the window. In recent days, however, no body has washed up on shore, as they usually do when somebody jumps from the Bear Mountain Bridge, prompting authorities to believe that this was nothing more than a staged suicide.
A police spokesman even confirmed that they are no longer searching the river because it is widely believed that he didn’t take the 175 ft plunge.
The US Marshals Service in Manhattan is considering Israel ‘armed and dangerous,’ as indicated on his ‘wanted’ poster, which describes the 48 year old, 5′11"/200lb scam artist.
Israel received the 20 year prison sentence after he was found guilty of defrauding investors of over $450 million.
Julie Scuderi
Senior Editor for HedgeCo.Net
Email: julie@hedgeco.net
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