Bayou's Israel: suicide or fugitive?

Police are investigating the disappearance and possible suicide of Samuel Israel III, CEO of defunct hedge fund Bayou.
JUN 11, 2008
By  Bloomberg
New York state police are investigating the possible suicide of Samuel Israel III, the co-founder and chief executive of defunct hedge fund Bayou Management LLC. He was to begin serving a 20-year prison term Monday, according to published reports. But on that day, Mr. Israel's car, a 2006 GMC Envoy, was found abandoned near the Bear Mountain Bridge in Orange County, New York, with the phrase "suicide is painless" written in the dust on the hood. The keys to the sports utility vehicle were left in the ignition, and prescription medication was found in the glove compartment. Federal officials have launched an international manhunt. Mr. Israel pleaded guilty in September 2005 to charges of conspiracy and fraud in connection with stealing from investors in the Stanford, Conn. hedge fund InvestmentNews, April 15. He was sentenced in April to 20 years in federal prison for conspiracy and fraud, and was ordered to pay $300 million to his victims.

Latest News

Maryland bars advisor over charging excessive fees to clients
Maryland bars advisor over charging excessive fees to clients

Blue Anchor Capital Management and Pickett also purchased “highly aggressive and volatile” securities, according to the order.

Wave of SEC appointments signals regulatory shift with implications for financial advisors
Wave of SEC appointments signals regulatory shift with implications for financial advisors

Reshuffle provides strong indication of where the regulator's priorities now lie.

US insurers want to take a larger slice of the retirement market through the RIA channel
US insurers want to take a larger slice of the retirement market through the RIA channel

Goldman Sachs Asset Management report reveals sharpened focus on annuities.

Why DA Davidson's wealth vice chairman still follows his dad's investment advice
Why DA Davidson's wealth vice chairman still follows his dad's investment advice

Ahead of Father's Day, InvestmentNews speaks with Andrew Crowell.

401(k) participants seek advice, but few turn to financial advisors
401(k) participants seek advice, but few turn to financial advisors

Cerulli research finds nearly two-thirds of active retirement plan participants are unadvised, opening a potential engagement opportunity.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today’s choppy market waters, says Myles Lambert, Brighthouse Financial.

SPONSORED Beyond the dashboard: Making wealth tech human

How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave