Israel's Jail Time Upped For Getaway Stunt

Law360, New York (July 15, 2009, 12:00 AM EDT) -- Samuel Israel III’s botched getaway backfired badly as a federal judge tacked an additional two years onto the 20 the former CEO of hedge fund firm Bayou Group LLC is serving for his role in a $450 million fraud scheme.

On Wednesday Judge Kenneth Karas of the U.S. District Court for the Southern District of New York disregarded the recommended sentencing guidelines and gave Israel, 49, two more years for faking his own death last year in a failed attempt to avoid going to jail, Bloomberg...
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