Financial Times- The 10-day-long search for missing hedge fund manager Samuel Israel is entering a critical phase with law enforcement agencies sparing no expense to ensure they "get the body back" before the trail goes cold.

Authorities are now working on the assumption that the body in question will eventually be found alive and in all likelihood in a country with no extradition treaty with the US, meaning Mr Israel could be anywhere from Bahrain to Burundi, Senegal to Syria.

The hunt for Mr Israel began last week when the 48-year-old failed to report to a prison in Massachusetts to begin a 20-year sentence for defrauding investors in the hedge fund Bayou Management out of more than $400m.

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Tags: doors, gilles, investment-funds, medallion, mutual-fund-companies, olive-branch, state-pension-fund, warrants

Philadelphia Daily News- A hedge-fund swindler who was supposed to be driving himself to prison abandoned his car on a bridge with the phrase "Suicide is Painless" scrawled on its hood, but no body has been found in the river below – and the victims of his fraud say they doubt he killed himself.

The FBI, too, is skeptical, saying it is "actively looking" for the missing man, Samuel Israel III.

Israel, 48, a co-founder and chief executive of the now-collapsed Bayou hedge funds, was sentenced in April to 20 years in federal prison for conspiracy and fraud, to begin Monday afternoon. He was also ordered to pay $300 million to his victims.

Ross Intelisano, who represents 20 investors who lost $25 million, said yesterday his clients are skeptical about any Israel suicide.

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Tags: 6-million, cnn-sports-illustrated, doors, investigations, levin, medallion, mobster, percent-stake, saylor