U.S. Marshals hunt for Bayou Group co-founder

Fri Jun 13, 2008

Bayou Group co-founder Samuel Israel is wanted by the U.S. Marshals, who say the convicted fraudster should be considered armed and dangerous. This Monday, Israel failed to report to a Massachusetts federal prison to serve his 20-year sentence for defrauding investors of $450 million in his Bayou Group of hedge funds.

Authorities have since issued a warrant for his arrest, but the question remains whether Israel is on the run or if the prospect of a two-decade-long prison...

ISSN: 2151-1845 / CDC10004H


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