Armonk stock swindler arraigned on new charges

A convicted stock swindler who tried to outsmart authorities now faces an additional 10 years behind bars. Samuel Israel III, 48, was scheduled to start a 20-year prison sentence on June 9 in Massachusetts.

News 12 Staff

Jul 3, 2008, 5:17 PM

Updated 5,867 days ago

Share:

A convicted stock swindler who tried to outsmart authorities now faces an additional 10 years behind bars.
Samuel Israel III, 48, was scheduled to start a 20-year prison sentence on June 9 in Massachusetts. On the morning his sentence was set to begin, police said Israel faked suicide and made a run for it, disappearing for three weeks. However, authorities were convinced that he was still alive and released a wanted poster.
On Wednesday, Israel surrendered to a police officer in Massachusetts. A day later, Israel was arraigned in lower Manhattan and charges were upgraded. After the judge greeted Israel, she immediately forfeited his $500,000 bail.
During the arraignment, Israel told the judge that he really did try to commit suicide Tuesday by overdosing on 200 prescription pills and the balance of Fentanyl patches he used for severe back pain. However, instead of dying, Israel said he fell into a drug-induced sleep. When he awoke on Wednesday, he claimed he decided to turn himself in. ?I woke up a little battered and bruised, and I guess God didn?t want that to happen, so I turned myself in,? he said.
FBI agents from White Plains said they?re not sure if Israel really tried to kill himself. They?ve known Israel for four years and said they aren?t sure he would really attempt suicide. They said they knew Israel had stocked up on his medication before he ran away, so they knew it would only be a matter of time before he turned up.
Defense attorneys waived the right to a preliminary hearing, meaning the case will go to a grand jury within the next 30 days.
Throughout the arraignment, Israel maintained a relaxed mood. Insiders said he greeted the FBI agents in the front row and winked at them. The agents seemed to enjoy Israel?s demeanor, and said that it pays to be a likeable guy when you?re a con man.
The new charges against Israel were not read in court, but when all is said and done, Israel could face an additional 10 years behind bars. That is in addition to the 20 years he was sentenced to in April for committing fraud, conspiracy and scamming $450 million from investors.
Armonk stock swindler in custody, authorities say


More from News 12
1:40
Lithium-ion battery fire blamed for closure of Newburgh tailor shop

Lithium-ion battery fire blamed for closure of Newburgh tailor shop

1:56
Sunny skies and warm temps for Saturday in the Hudson Valley

Sunny skies and warm temps for Saturday in the Hudson Valley

0:38
Multimillion-dollar transformation on the way for sections of Hudson Valley

Multimillion-dollar transformation on the way for sections of Hudson Valley

0:32
Veteran firefighter who suffered stroke receives warm welcome home

Veteran firefighter who suffered stroke receives warm welcome home

0:17
Yorktown police sergeant celebrates final walkout following 2 decades of service

Yorktown police sergeant celebrates final walkout following 2 decades of service

0:52
Slate Hill family of 5 loses home in afternoon blaze

Slate Hill family of 5 loses home in afternoon blaze

0:37
2 people charged in Middletown narcotics; firearms bust

2 people charged in Middletown narcotics; firearms bust

1:30
Motorcycle, van crash in Greenburgh causes serious injuries

Motorcycle, van crash in Greenburgh causes serious injuries

0:56
News 12 probes mystery cloud traced to Orange County & seen throughout tri-state area

News 12 probes mystery cloud traced to Orange County & seen throughout tri-state area

1:02
Hillcrest Fire Department receives 2,000 cans of drinking water, courtesy of Anheuser-Busch

Hillcrest Fire Department receives 2,000 cans of drinking water, courtesy of Anheuser-Busch

1:37
Storm Watch Team Meteorologist Skyler Harman strikes down lightning myths

Storm Watch Team Meteorologist Skyler Harman strikes down lightning myths

2:33
Can swimming become dangerous due to extremely high water surface temperatures?

Can swimming become dangerous due to extremely high water surface temperatures?

0:32
NYC officials: Westchester caseworker’s death ruled a homicide

NYC officials: Westchester caseworker’s death ruled a homicide

0:40
State, federal lawmakers introduce legislation to shorten funding gap for World Trade Center Health Program

State, federal lawmakers introduce legislation to shorten funding gap for World Trade Center Health Program

0:34
Ex Frito-Lay employee files defamation lawsuit against PepsiCo claiming he invented ‘Flamin’ Hot Cheetos

Ex Frito-Lay employee files defamation lawsuit against PepsiCo claiming he invented ‘Flamin’ Hot Cheetos

0:40
Executive orders still in place preventing Rockland County and Orange County hotels from converting into migrant shelters

Executive orders still in place preventing Rockland County and Orange County hotels from converting into migrant shelters

0:54
Headlines: Drug ring prison sentence, Newburgh felony charge, uptick in car thefts in Briarcliff Manor

Headlines: Drug ring prison sentence, Newburgh felony charge, uptick in car thefts in Briarcliff Manor

0:20
Man sentence to 10 years in prison for running Orange County drug ring

Man sentence to 10 years in prison for running Orange County drug ring

1:18
Town of Wallkill propose noise ordinances at Orange County fairgrounds

Town of Wallkill propose noise ordinances at Orange County fairgrounds

0:34
Finger in salad lawsuit against Chop’t discontinued

Finger in salad lawsuit against Chop’t discontinued