The London Free Press – A hedge-fund swindler who faked his own death in an effort to skip out on a 20-year prison term was sentenced yesterday to two extra years.

Federal Judge Kenneth Karas said Samuel Israel III was "thumbing his nose at the system" when he staged a suicide and jumped bail last year rather than do time for taking hundreds of millions from investors in his Stamford, Conn.-based Bayou hedge funds.

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Reuters – Jailed Bayou hedge fund swindler Samuel Israel pleaded guilty on Monday to jumping bail in an episode in which he faked his own suicide last year in an attempt to avoid going to prison.

Israel’s plea had been delayed several times since August while he underwent medical care. He faces up to 10 years in prison on the bail jumping charge, said Judge Kenneth Karas in U.S. District Court in White Plains, New York.

Israel, 49, was sentenced last April to 20 years for engineering a scam that cheated investors out of about $450 million. The two sentences will run consecutively. Karas scheduled June 24 for the sentencing.

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