Feds: Crooked Executive Didn't Kill Himself

Investigators consider hedge fund founder Israel a fugitive.

By SHARE

The mystery surrounding the whereabouts of financial fraudster Samuel Israel III deepened Monday, as the feds officially ruled out suicide.

Israel's abandoned vehicle was found on a bridge in New York State—with the phrase "Suicide is Painless" written on it—on the very same day he was supposed to begin serving his 20-year prison sentence for fraud and conspiracy.

From the Associated Press:

U.S. Marshal Joseph Guccione said Monday that investigators now consider the case of Samuel Israel III to be solely a fugitive investigation.

Israel's car was found a week ago on a Hudson River bridge.

Federal marshals issued a wanted poster Thursday for the man convicted of cheating investors out of $450 million in his Bayou hedge funds. They said he should be considered armed and dangerous.

TAGS:
suicide
fraud
prison sentences

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