Fugitive Israel Turns Himself In

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by StockJockey
Wednesday, July 02, 2008 - 11:29 am

Originally Published In the News July 2, 2008 11:29 AM
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Time for Sam Israel to grab the soap:

Samuel Israel, the fugitive founder of collapsed hedge fund-firm Bayou Group LLC, surrendered to police in Southwick, Massachusetts, a town near the Connecticut border about 117 miles from were he disappeared the day he was to start prison.

Israel turned himself in at 9:15 a.m. today, according to Sue Anderson, assistant to Southwick police chief Mark Krynicki.

Israel’s car was found June 9 on a bridge north of New York City with the message ``suicide is painless’’ written in the dust on its windshield. Israel, 48, was scheduled to begin a 20-year prison sentence for a $400 million fraud that afternoon.

``He’s in custody,’’ said Herb Hadad, a spokesman for the U.S. Attorney’s office in Manhattan.

Bayou Co-Founder Sam Israel Gives Himself Up in Massachusetts
Bloomberg

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