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 stint caused him to take his own life. The latter possibility was suggested by the discovery of his SUV alongside