Fraud-Spinning Hedge Fund Manager Fakes Own Death, Gets Two More Years In The Clink

Fraud-Spinning Hedge Fund Manager Fakes Own Death, Gets Two More Years In The Clink

By Phil Villarreal July 17, 2009

Sam Israel III was busted for managing the Bayou Hedge Fund Group, which defrauded investors out of $450 million. He received 20 years in prison.