HEAT ALERT

Extreme heat blankets the region with heat advisory, air quality alert issued for the Hudson Valley

Swindler admits he skipped out on prison

(AP) - Hedge-fund swindler Samuel Israel admitted in court Monday that he went on the lam last year rather than report to prison. Israel is a co-founder of Stamford, Conn.-based Bayou hedge funds. He

News 12 Staff

Mar 17, 2009, 4:17 PM

Updated 5,572 days ago

Share:

(AP) - Hedge-fund swindler Samuel Israel admitted in court Monday that he went on the lam last year rather than report to prison.
Israel is a co-founder of Stamford, Conn.-based Bayou hedge funds. He has never denied that he faked his suicide and took off in an RV for nearly a month before surrendering in Southwick, Mass.
The 49-year-old Israel, of Armonk, pleaded guilty in White Plains to a federal charge of failing to surrender. He told Judge Kenneth Karas that he knew he was supposed to report to prison last June.
Israel faces as much as 10 years on top of the 20-year term he received for bilking hundreds of million of dollars from investors. Sentencing is June 24.
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
1:35
HEAT ALERT: Extreme heat moves into the Hudson Valley, temps could reach 104 later this week

HEAT ALERT: Extreme heat moves into the Hudson Valley, temps could reach 104 later this week

0:55
Police: 1 of 2 students involved in Bedford car crash dies from injuries

Police: 1 of 2 students involved in Bedford car crash dies from injuries

2:07
Hudson Valley braces for heat advisory, cooling centers open

Hudson Valley braces for heat advisory, cooling centers open

1:44
Carmel schools dismissing early due to heat

Carmel schools dismissing early due to heat

0:36
Danskammer Energy drops plan for new methane gas plant in Newburgh

Danskammer Energy drops plan for new methane gas plant in Newburgh

2:28
Police: Justin Timberlake arrested for DWI in Sag Harbor

Police: Justin Timberlake arrested for DWI in Sag Harbor

2:39
Made in the Hudson Valley: Boutique brings one-of-a-kind, handmade clutches to Westchester County

Made in the Hudson Valley: Boutique brings one-of-a-kind, handmade clutches to Westchester County

0:42
Headlines: Cold case guilty plea, Poughkeepsie crash injures 3

Headlines: Cold case guilty plea, Poughkeepsie crash injures 3

0:20
Parents, advocates rally to save East Ramapo schools after asbestos discovery

Parents, advocates rally to save East Ramapo schools after asbestos discovery

0:18
Fire engulfs car on Old Nyack Turnpike in Ramapo

Fire engulfs car on Old Nyack Turnpike in Ramapo

0:46
Dutchess County autism center receives $3 million in state funding

Dutchess County autism center receives $3 million in state funding

0:25
Mario Cuomo Bridge to shine blue and white for students who named falcon chicks

Mario Cuomo Bridge to shine blue and white for students who named falcon chicks

14:52:13
13 cool tips to help you stay healthy during the summer heat

13 cool tips to help you stay healthy during the summer heat

2:04
John Oliver eats giant Deising's cake bear, pledges $10K donation to Peoples' Place of Kingston, NY

John Oliver eats giant Deising's cake bear, pledges $10K donation to Peoples' Place of Kingston, NY

2:23
Westchester County preps for intense heat

Westchester County preps for intense heat

2:04
Yonkers police sergeant accused of excessively kicking and punching man during arrest

Yonkers police sergeant accused of excessively kicking and punching man during arrest

1:54
Lawmakers, environmentalists call on Gov. Hochul to reject natural gas expansion project

Lawmakers, environmentalists call on Gov. Hochul to reject natural gas expansion project

1:33
Exclusive: Workplace probe finds allegations by 3 women against ex-City of Newburgh police chief ‘not supported’

Exclusive: Workplace probe finds allegations by 3 women against ex-City of Newburgh police chief ‘not supported’

1:06
Officials: Harriman sewage treatment plant at or near maximum capacity

Officials: Harriman sewage treatment plant at or near maximum capacity

0:39
State DOT approves permit for turn signal at high-traffic intersection in South Blooming Grove

State DOT approves permit for turn signal at high-traffic intersection in South Blooming Grove