Judge rules Armonk swindler can enter guilty plea

Convicted Hudson Valley stock swindler Samuel Israel III returned to court Friday for the fifth time to be charged with attempting to evade a 20-year prison sentence. A judge had previously rejected

News 12 Staff

Feb 28, 2009, 1:59 AM

Updated 5,535 days ago

Share:

Judge rules Armonk swindler can enter guilty plea
Convicted Hudson Valley stock swindler Samuel Israel III returned to court Friday for the fifth time to be charged with attempting to evade a 20-year prison sentence.
A judge had previously rejected Israel's guilty plea because the Armonk hedge fund manager had an addiction to painkillers. After months of physical and psychological evaluations, prison doctors say Israel is now fit to make a plea with a sound mind.
Israel was convicted of scamming hedge fund investors out of $500,000. Prosecutors say he tried to escape prison by abandoning his SUV on the Bear Mountain Bridge last June to make it look like a suicide.
Israel's girlfriend, Debra Ryan, pleaded guilty Feb. 10 to aiding her boyfriend in faking his suicide. Ryan is facing a maximum sentence of 10 years behind bars, but a plea deal could reduce it to four to 10 months in prison.
The plea came after federal prosecutors reported having witness testimony and physical evidence proving that Ryan helped Israel in his plot. Investigators say Ryan furnished a fake suicide note and told them she did not know of Israel's whereabouts.
Israel is due back in court March 16.
Stock swindler's girlfriend appears in court Hedge fund scammer sent for medical evaluation Tax swindler back in court Stock swindler's guilty plea rejected twice Armonk stock swindler arraigned on new charges Neighbor says Armonk stock swindler not dead


More from News 12
2:05
Traffic delays, road closures in and around Irvington as President Joe Biden attends fundraiser

Traffic delays, road closures in and around Irvington as President Joe Biden attends fundraiser

1:57
Sunny and mild Friday for the Hudson Valley; tracking rain for Saturday

Sunny and mild Friday for the Hudson Valley; tracking rain for Saturday

1:57
 Pro-Palestinian protest underway in Irvington as President Biden visits to Westchester

Pro-Palestinian protest underway in Irvington as President Biden visits to Westchester

0:35
Police find evidence in burglary while investigating a domestic dispute in Monroe

Police find evidence in burglary while investigating a domestic dispute in Monroe

0:31
Wake services underway for the Westchester correction officer who died in Bronx River Parkway crash

Wake services underway for the Westchester correction officer who died in Bronx River Parkway crash

1:42
Newburgh senior housing manager asks city for help protecting residents

Newburgh senior housing manager asks city for help protecting residents

1:53
Shop Mother’s Day Gifts – Exclusive Offers Up to 75% OFF!

Shop Mother’s Day Gifts – Exclusive Offers Up to 75% OFF!

0:25
Dramatic video captures car fire in Nanuet

Dramatic video captures car fire in Nanuet

Vote 2024: Ask your questions for Congressional District 16 Democratic candidates

Vote 2024: Ask your questions for Congressional District 16 Democratic candidates

0:24
New York appeals court overturns Harvey Weinstein’s 2020 rape conviction from landmark #MeToo trial

New York appeals court overturns Harvey Weinstein’s 2020 rape conviction from landmark #MeToo trial

0:24
Breeze Airways expands services from Westchester County Airport

Breeze Airways expands services from Westchester County Airport

1:47
Saddle up for a western-style riding adventure at Hollow Brook Riding Academy!

Saddle up for a western-style riding adventure at Hollow Brook Riding Academy!

0:27
Oklahoma woman pleads guilty in fatal Newburgh drunk driving crash

Oklahoma woman pleads guilty in fatal Newburgh drunk driving crash

0:45
Yonkers officer faces charges in off-duty Bronxville accident

Yonkers officer faces charges in off-duty Bronxville accident

0:21
Dutchess County drivers awarded free cars after completing empowerment program

Dutchess County drivers awarded free cars after completing empowerment program

0:35
20 Hudson Valley public high schools among top 100 in New York state

20 Hudson Valley public high schools among top 100 in New York state

1:09
Headlines: Burglary guilty plea, illegal AR-15 possession, library larceny

Headlines: Burglary guilty plea, illegal AR-15 possession, library larceny

St. Barnabas High School marks 100 years of education at New Rochelle gala

St. Barnabas High School marks 100 years of education at New Rochelle gala

0:26
Luxury VIP experience coming to Woodbury Common Premium Outlets

Luxury VIP experience coming to Woodbury Common Premium Outlets

2:27
How to protect spring plants from frost and freeze

How to protect spring plants from frost and freeze