Suicide or Prison?
Are you an Employer?    Attract the Best Candidates with Smart Job Postings! Search Legal Resumes
Legal Jobs Board for Attorneys, Law Students & Legal Staff | Serving USA & Other Countries | LawCrossing

Need Help? Call (800) 973-1177 

Job Seeker Login   Employer Login 

Job Seekers?  Try it Now  

ATTORNEY JOBS
LAW STUDENT JOBS
LEGAL STAFF JOBS
Download LawCrossing Online Apps: Click here  
Promote Your Attorney Profile on Law.net - Get Found / Earn More!
What Are You Looking For:

United States

+Advanced search

  • Legal Daily News Feature

Suicide or Prison?


by       
Printable Version PDF Version Email to a Friend
Subscribe to LawCrossing  
 Share on Facebook
 Twitter

Like LawCrossing on Facebook


06/11/08

On June 9, 2008, Samuel Israel III was supposed to begin his 20-year prison term for fraud, stemming from his conviction when he served as CEO of a now-defunct hedge fund named Bayou Management.

But now he's gone missing and possibly has committed suicide. The New York state police found his car parked on a bridge with keys in the ignition. The bridge crosses the Hudson River at one of the Hudson's deepest points. Written in the dust on the car's hood was the sentence "Suicide is Painless," which is the name of the M.A.S.H. theme song. No body has been discovered.

Bayou claimed it had more than $400 million in assets when it folded back in 2005. But when it closed its doors, investors found an empty office and a suicide note (which turned out to be false). The investigation found that investors lost that more than $400 million, and Israel and a partner pleaded guilty to conspiracy and fraud in 2005.

For some reason the judge let Israel go free until June 9 of this year, when Israel was supposed to surrender to start his prison sentence.



Any guesses as to where he is now? In the Hudson River or in Mazatlan or Cuba or any number of places? NBC is reporting surveillance cameras possibly show another car pulling up next to Israel's car and maybe someone getting into it.

It seems most likely that Israel has snookered another group of people — law enforcement, so far — though that may well change if they catch him. Or if they drag his body out of the Hudson River. Regardless, this definitely is not the best way to handle a conviction.

If this article has helped you in some way, will you say thanks by sharing it through a share, like, a link, or an email to someone you think would appreciate the reference.



Facebook comments:



Featured Testimonials

The contact details are really very nice...
Michael

Facts

LawCrossing Fact #116: We’re cutting edge. A lot of the jobs we post require big-time skills, so we attract some of the most accomplished professionals out there.


total jobs
73,997
Upload Your Resume
New Legal Jobs in Last 7 Days
15,620
 
job search tip
Contact your references when you're about to get an offer and prepare them for the reference call. They'll appreciate the thoughtfulness.

Your privacy is guaranteed. We will never give out, lease, or sell your personal information.


Shoot for the moon. Even if you miss it, you will land among the stars.