Another HF Manager Presumed Dead

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Authorities are investigating the suspected suicide of hedge fund manager Samuel Israel III, who failed to begin his prison sentence yesterday, after being convicted of defrauding investors of $400 million. Though his lawyers sought leniency, noting that Israel has back problems and is addicted to painkillers, US District Judge Colleen McMahon told the Bayou Group co-founder, "You were, in every meaning of the sense, a career criminal. You ruined lives...[and] suffered from these ailments [doing so]," before sentencing him to 20 years in prison. A car registered to Israel was found Monday afternoon on Bear Mountain Bridge, forty miles north of NYC, with the phrase "Suicide is Painless" scrawled in dust on the hood. Obviously, this is not a laughing matter. So we put forth the following completely sincerely: it's getting hard to keep track of these guys. Since, to date, no white collar criminals facing jail time have taken our advice to take a cue from convicted tax evader Wesley Snipes, out of utility it might be wise for someone to start some sort of body counter for hedgies, a la The Hedge Fund Implode-O-Meter. Maybe The Hedge Fund Manager Implode-O-Meter? Or whatever you want to call it.
Police Investigating Possible Suicide by Hedge Fund Cheat [ABC News]

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