T Nation

Hedge Fund Manager Turns Self In

…in my old hometown

This is only notable because the town I lived in for a while has about 7,000 people in it and this is probably going to be talked about for the next 20 years. I can’t figure out why he would choose this podunk town to turn himself in to.

(CNN) – A convicted hedge fund manager who disappeared last month turned himself in to local authorities in Southwick, Massachusetts, on Wednesday, according to the U.S. Marshals Office.
A wanted poster issued by the U.S. Department of Justice Marshals Service shows Samuel Israel III.

Sam Israel III, 48, failed to show up June 9 at a Massachusetts prison to serve his sentence for defrauding investors of the hedge fund Bayou Management of approximately $450 million.

His SUV was later found on a New York bridge with the words “suicide is painless” written in the dust on the hood.

The U.S. Marshals Office expects Israel to be transferred to the federal facility where he was supposed to turn himself in the day he disappeared.

Any other charges to be brought against Israel will be decided by the U.S. Attorney’s Office of the Southern District of New York.

Last week, federal marshals arrested Israel’s girlfriend, according to the U.S. Attorney’s Office.

Authorities said Debra Ryan, 45, admitted to helping Israel pack an RV with his belongings and a motor scooter before his June 9 disappearance.

Ryan, who lived with Israel in Armonk, New York, was charged with aiding and abetting Israel in his failure to report to prison.Ryan was released on $75,000 bond. She faces up to 10 years in prison.

After Israel’s burgundy 2006 GMC Envoy was found on Bear Mountain Bridge in upstate New York, police searched the river for a body, but the U.S. Attorney’s Office later described Israel’s disappearance as a fugitive search rather than a suicide investigation.

A federal court complaint alleges that on June 9, Ryan followed Israel in her car as he drove the RV to a highway rest stop in upstate New York. After Israel parked the RV, Ryan drove Israel back to their home, according to the complaint.

Federal officials would not say who drove Israel’s car to the bridge, nor would they confirm who they believe later drove Israel from the bridge to his RV.

The U.S. Marshals say Israel goes by the aliases Sam Ryan and David Clapp.