Age, Biography and Wiki
Samuel Israel III was born on 20 July, 1959 in New Orleans, Louisiana, United States, is an American fraudster and hedge fund manager. Discover Samuel Israel III's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 64 years old?
| Popular As |
N/A |
| Occupation |
Former hedge fund manager and investment advisor |
| Age |
64 years old |
| Zodiac Sign |
Cancer |
| Born |
20 July 1959 |
| Birthday |
20 July |
| Birthplace |
New Orleans, Louisiana, United States |
| Nationality |
United States
|
We recommend you to check the complete list of Famous People born on 20 July.
He is a member of famous Former with the age 64 years old group.
Samuel Israel III Height, Weight & Measurements
At 64 years old, Samuel Israel III height not available right now. We will update Samuel Israel III's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.
| Physical Status |
| Height |
Not Available |
| Weight |
Not Available |
| Body Measurements |
Not Available |
| Eye Color |
Not Available |
| Hair Color |
Not Available |
Dating & Relationship status
He is currently single. He is not dating anyone. We don't have much information about He's past relationship and any previous engaged. According to our Database, He has no children.
| Family |
| Parents |
Not Available |
| Wife |
Not Available |
| Sibling |
Not Available |
| Children |
Not Available |
Samuel Israel III Net Worth
His net worth has been growing significantly in 2023-2024. So, how much is Samuel Israel III worth at the age of 64 years old? Samuel Israel III’s income source is mostly from being a successful Former. He is from United States. We have estimated Samuel Israel III's net worth, money, salary, income, and assets.
| Net Worth in 2024 |
$1 Million - $5 Million |
| Salary in 2024 |
Under Review |
| Net Worth in 2023 |
Pending |
| Salary in 2023 |
Under Review |
| House |
Not Available |
| Cars |
Not Available |
| Source of Income |
Former |
Samuel Israel III Social Network
Timeline
Samuel Israel III (born July 20, 1959) is an American fraudster and former hedge fund manager for the Bayou Hedge Fund Group, which he founded in 1996.
In 1996 Israel founded the Bayou Hedge Fund Group, which raised $450 million from its investors and for which Israel was CEO.
Bayou and Israel misappropriated these funds for personal use, running what would later be revealed as a Ponzi scheme.
After poor returns in 1998, the firm founded a dummy accounting firm, which they hired to audit themselves in order to keep up appearances to investors.
In 2005, Bayou was indicted.
On September 29, the Commodity Futures Trading Commission (CFTC) filed charges against Bayou, Israel, and Bayou CFO Daniel Marino.
The next year, the hedge fund filed for Chapter 11 bankruptcy-court protection.
In 2008, Israel was sentenced to 20 years in prison and ordered to forfeit $300 million for defrauding his investors.
Born into a Jewish family, Israel attended Hackley School in Tarrytown, New York.
He does not have a college degree.
On April 14, 2008, Israel was sentenced to 20 years in prison and ordered to forfeit $300 million after pleading guilty to defrauding investors in his bankrupt firm.
In June 2008, instead of surrendering to serve his sentence as scheduled, Israel faked his own suicide.
He surrendered in July of 2008, and his prison sentence was increased by 2 years as penalty for bail jumping.
Israel's health is failing.
Sentenced in April 2008 to 20 years in federal prison, Israel failed to report to prison as ordered on June 9, 2008.
His 2006 GMC Envoy was found abandoned on the Bear Mountain Bridge on June 10, 2008 with "Suicide is Painless" (the title of the theme song for both the movie and TV series M*A*S*H) written in the dust on the hood.
Police suspected that this was an attempt by Israel to fake his own death in order to avoid prison.
Israel's girlfriend, Debra Ryan, was arrested later that same month for aiding and abetting his escape, and was released on bail.
Under intense questioning, Ryan admitted to helping him escape, and that she and Israel parked an RV loaded with Israel's belongings near Bear Mountain Bridge on the day before his disappearance.
The pair were featured on America's Most Wanted.
Israel was eventually tracked down to a campground in Granville, Massachusetts, and surrendered to authorities on July 2, 2008.
A Dateline segment about him aired on September 5, 2008.
As a consequence, he was further sentenced on July 15, 2009, to an additional two years in prison while his girlfriend was sentenced to three years' probation.
Israel is serving his sentence at Federal Correctional Institution, Butner Low in Butner, North Carolina.
Israel is the subject of the "Suicide is Painless" episode of American Greed on CNBC, first broadcast on February 3, 2010.
In the 2023 Netflix documentary series Madoff: The Monster of Wall Street detailing the rise and fall of Bernie Madoff, the arrest of Israel is depicted as a precursor to the public uncovering of Madoff's multibillion-dollar Ponzi scheme.
He has been denied early compassionate release requests in 2014 and 2019, with the presiding judge stating that it would not promote respect for the law to go easy on white-collar criminals who have privileged backgrounds and can afford top-flight lawyers.
In 2019, he applied for early release, citing the First Step Act.
This application was denied, and Israel's scheduled release date is May 10, 2026.
