Scammer Samuel Israel 

Fraudster Samuel Israel 

Details

Name: Samuel Israel
Other Name:
Born: 1959
whether Dead or Alive:
Age: 62
Country: United States
Occupation: Former hedge fund manager and investment advisor
Criminal / Fraud / Scam Charges: Fraud
Criminal / Fraud / Scam Penalty: sentenced to 22 years
Known For:

Description :


Samuel Israel III

Israel is a fraudster known for his frauds using , Ponzi scheme. Israel founded Bayou Hedge Fund Corporation in the year 1996 and extracted about $450 million from the investors by scamming them with fake statements from a phony accounting firm which he bought; and he used the swindled money lavishly until the year 2004.

In 2004, he and his company were indicted of frauds; to evict from the frauds he filed for chapter 11 bankruptcy court protection to his firm in the year 2005. In 2008, the bankruptcy cliché didn't help him or his firm to escape from the sentence of 20 years in prison. On the day of imprisonment, he tried to escape but was hunted down within three days and was issued an extra two years of prison for his actions.


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