Posted on Wed, Jul. 2, 2008
NEW YORK - Federal officials say fugitive hedge-fund swindler Samuel Israel has surrendered to authorities.
Rebekah Carmichael, a spokeswoman for U.S. Attorney Michael Garcia, said today that Israel is in federal custody. She would not immediately provide other details.
Israel disappeared last month on the day he was supposed to report to federal prison. Authorities found his car on a bridge over the Hudson River with the words "suicide is painless" scrawled in the dust on the hood.
He was sentenced to 20 years in prison for bilking investors out of $450 million in hedge funds.
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