Conscious Flow Radio

Friday, July 4, 2008

Fund Manager Who Faked His Suicide Surrenders

The fugitive former manager of the Bayou Group hedge fund, whose faked suicide on a Hudson River bridge and subsequent disappearance last month set off an international manhunt, turned himself in Wednesday morning in Southwick, Mass., just after speaking to his mother by phone.
Mr. Israel, the scion of a wealthy New Orleans family, now faces several more years in jail on top of the 20-year sentence he received in April for defrauding investors out of $450 million after the collapse of his Bayou Group hedge fund.