Bayou Group

  • Harlequin Romance Novels

    Woman Who Helped Sam Israel III Fake His Own Death Still Has Only Nice Things To Say About His Passion In The Sack, Department Stores

    Remember Debra Ryan? For those who need a refresher, she was the woman behind the man that was Sam Israel III, the hedge fund manager who, with the help of DR, faked his own death in 2008 to avoid the prison time that was coming his way as a result of scamming investors in the Bayou Group out of $450 million. Several months after Israel was caught, Ryan penned an article for Marie Claire, explaining that she’d gone to great, illegal lengths to help him stay out of the big house because of all the “blazing sex life” they had, which see wasn’t ready to give up. Though she was clearly not ready to move on (“I should just see it at face value and say he [screwed] me,” she noted. “But I can’t let go”) one would have thought that time and the three years probation Ryan was sentenced to would have helped her get over the guy who used to sneak up on her “while wearing glasses on his penis.”  Apparently, though, such is not the case, as evidenced by Debra’s contribution to a new book about Israel by Guy Lawson called Octopus, in which we learn that she is still carrying a torch for the guy the burns nearly as the fire in both their loins.

    “The next morning was Debra’s birthday. She and Sam woke and made love-passionate, frantic, intense love. But as soon as they joined up with the Nicholses the atmosphere turned claustrophobic once again. Debra wanted alone time with Sam. But the Nicholses wouldn’t leave them be for even a moment. Left with no choice, the two couples went for a stroll through the historic section of Zurich…wandering the old city was pleasant and exciting for Ryan. “I was starting to have a nice time,” Ryan recalled. “Sam always wanted to spend money on me but I wouldn’t let him. but this time he took me to a nice clothing store and bought me a bunch of new clothes. He was a great shopper- he could pick out clothes from the rack and they’d fit me perfectly. As we walked in one store, Sam turned me around and grabbed my face and kissed me with so much passion. We started to make out in the store, on the spur of the moment. I had never done that before, and I have never done it since. It was the best kiss ever.”

    Octopus: Sam Israel, the Secret Market, and Wall Street’s Wildest Con [Amazon]
    Related: Claim: Sam Israel’s Investors Gave Him Money Because They Liked Animal-Loving Cokeheads Who Looked Good In Women’s Underwear And Cowboy Boots
    Related: Hedge Fund Manager Who Faked His Own Death Has A Few Theories About Other Famous Murders, Real And Imaginary

    / Aug 6, 2012 at 3:51 PM
  • Look Into My Eyes

    Hedge Fund Manager Who Faked His Own Death Has A Few Theories About Other Famous Murders, Real And Imaginary

    Remember Samuel Israel III? For those with short memories, SI3 is a former hedge fund manager who faked his own death in June 2008 with the help of his girlfriend, Debra Ryan, who later wrote an article explaining her actions by noting that she and Israel had “a blazing sex life” that was hard to walk away from (Ryan shared colorful anecdotes that included all the times Israel would “[jokingly] sneak up on her, once while wearing sunglasses on his penis”). For Israel’s part, he had pretended to kill himself, incorporating a line from M*A*S*H into his fake suicide note, in an attempt to avoid the prison stay that was coming his way, on account of having taken Bayou Group investors for more than $450 million. At the time, he became something of a minor celebrity, whose business card, prominently featuring an egret, was auctioned off on eBay but since ultimately being sentenced to twenty years behind bars we’d heard nary a peep from the guy. Luckily, Andrew Ross Sorkin recently flew down to Butner, North Carolina for a little chat and it’s a good thing he did because Israel had a lot he wanted to get off his chest. After offering ARS an “orange Life Saver,” discussing his own version of a playoffs beard (“Mr. Israel…was wearing a tan prison uniform with his hair grown out, a mass of silver and brown curls sprouting from the sides of his bald head. ‘I’m never going to cut it until I get out,’ he exclaimed”), and talking Ponzi schemes, SI3 got down to the real matter at hand.

    About halfway through, the interview turned bizarre when Mr. Israel, on the verge of crying, announced: “I took a man’s life. I shot him twice.” I asked for more details. The story is recounted in “Octopus,” but the author, Mr. Lawson, doesn’t appear to believe it. In the supposed slaying, Mr. Israel describes himself defending a known con man, Robert Booth Nichols, who claimed to have once worked for the Central Intelligence Agency and has since died. Mr. Nichols was undertaking a secret trade at a German bank and was ambushed outside by a cockeyed “Middle Eastern guy.” Mr. Israel says he shot the ambusher in the hip and then in the head. He looked at me, shaking, and said, “I’ve seen someone with their head blown off maybe two feet back — as close as I am to you.” Mr. Israel recognized my skepticism. When I asked him what happened to the body, he said, “Bob made a couple of calls.” Again, I looked at him quizzically. “These people can do anything. They can get rid of a body,” he said. “Come on,” he added, looking at me as if I didn’t understand. “They can kill presidents.”

    I wasn’t sure what he was talking about. “The J.F.K. thing,” he said. He went on to tell me that he had videotapes of Kennedy’s assassination and that one was stolen by the F.B.I. “I know it makes me look like a crackpot,” he said. “But I know it’s real. Look into my eyes — I don’t care if people think I’m crazy.”

    Egrets.

    A Con Man Who Lives Between Truth And Fiction [Dealbook]

    / Jun 26, 2012 at 2:34 PM
  • News

    Fire Up Your TiVos: This Is The One We’ve Been Waiting For

    Holy fucking hell I can barely type this as I am shaking in excitement and definitely suffering from a decrease in oxygen to the brain as a result of hyperventilating-inducing euphoria. Tonight, at 10 PM, Dateline will be airing “The Mystery of the Missing Millionaire,” a special about SAM ISRAEL! I’m truly beside myself. As […]

    / Sep 5, 2008 at 10:57 AM
  • News

    Sam Israel About 70 Percent Sure Plan To Flee Will Go Off Without A Hitch This Time

    Listen, I know Federal District Court Judge Kenneth Karas *had* to inquire as to whether or not Sam Israel was sane enough to enter into a guilty plea for bail jumping in June because he didn’t want to go to prison but come on, buddy. WAKE UP. You are getting played by a man who […]

    / Aug 7, 2008 at 10:39 AM
  • News

    Sam Israel Pleads Guilty To Fleeing, Plans Escape No. 2?

    Former hedge fund manager-cum-performance artist Samuel Israel III who faked his own death this summer because he didn’t want to go to jail is set to plead guilty to bail-jumping this afternoon. The industry’s biggest M*A*S*H fan and only (known) egret lover waived an indictment on a charge of failure to surrender for his prison […]

    / Aug 6, 2008 at 12:32 PM
  • News

    Own A Piece Of Egret-Loving History

    This is the one we’ve been waiting for, people. Manhattan Federal Judge Colleen McMahon, none too pleased with the stunts pulled by Sam Israel, is taking away his toys. McMahon signed a preliminary agreement yesterday demanding the industry’s biggest M*A*S*H fan hand over the scooter he tooled around on after faking his death, the RV […]

    / Jul 29, 2008 at 9:09 AM
  • News

    Samuel Israel: *Victim* Of Fraud

    This is fantastically rich(er than the now destitute Bayou Group investors Sam Israel screwed back in the day): in 2004, desperate to raise money to save his fund, the industry’s biggest M*A*S*H fan turned to a man named Robert Booth Nichols for help in the dollars and cents department, and was himself conned out of […]

    / Jul 16, 2008 at 11:22 AM
  • News

    Caption Contest Thursday

    He grew the beard for the egret and the verdict? The egret likes. [NYT]

    / Jul 3, 2008 at 9:48 AM
  • News

    Caption Contest Wednesday

    / Jul 2, 2008 at 1:14 PM
  • News

    Sam Israel Surrenders

    CNBC reports that Sam Israel III, the convicted former hedge fund manager who no one believed committed suicide after he failed to show up to start serving a 20-year sentence for defrauding clients of a bunch o’ money, has been taken into custody in Southwick, Massachusetts. The industry’s biggest M*A*S*H fan apparently surrendered himself to […]

    / Jul 2, 2008 at 10:32 AM
  • News

    He Could Be ANYWHERE

    It’s going to be a great day and let me tell you why: Page Six reports that not-dead former hedge fund manager Samuel Israel believed in time travel and before the hours got crazy over at his Ponzi-scheme, spent nights and weekends building his very own Delorean. According to a trader who worked with Israel […]

    / Jun 18, 2008 at 10:15 AM
  • News

    Help Us Solve The Case

    The U.S. Marshals Service is still hot on the trail of Sam Israel III, the convicted former hedge fund manger who no one believes committed suicide. A wanted poster from last week noted that the industry’s biggest M*A*S*H fan has two tattoos, one on his left arm and one on his hip. Today brings word […]

    / Jun 17, 2008 at 2:28 PM
  • News

    Goverment Agency Officially Not Buying Sam Israel’s Suicide

    The U.S. Marshals Service told Bloomberg this afternoon that re: convicted hedge fund manager Sam Israel, “suicide has been ruled out,” and that the industry’s biggest M*A*S*H fan has been declared a fugitive. A spokeswoman for Manhattan U.S. Attorney Michael Garcia declined to comment on why Israel’s status had been changed, though clearly it was […]

    / Jun 16, 2008 at 5:26 PM
  • News

    Here’s A Tip-Off You Maybe Shouldn’t Give This Fund Your Money: AOL Address

    We spoke with the U.S. Marshall’s office earlier and, sadly, at this time, they’ve yet to put a bounty on Samuel Israel III’s head, but at least one enterprising vulture stands to make some dosh off of the hedge fund industry’s biggest M*A*S*H fan. An unidentified seller from Islip, New York has put what he […]

    / Jun 13, 2008 at 3:32 PM

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