Samuel Israel III

For other people with the same name, see Samuel Israel.
Samuel Israel III
Born (1959-07-20) July 20, 1959 (age 65)
New Orleans, Louisiana, United States[citation needed]
Occupation(s)Former hedge fund manager and investment advisor
Criminal statusIncarcerated
Criminal chargeFraud
Penaltysentenced to 22 years

Samuel Israel III (born July 20, 1959)[1] is an American fraudster and former hedge fund manager for the Bayou Hedge Fund Group, which he founded in 1996. In 2008, Israel was sentenced to 20 years in prison and ordered to forfeit $300 million for defrauding his investors.

  1. ^ Tavakoli, Janet M. (2009-01-06). Dear Mr. Buffett: What an Investor Learns 1,269 Miles from Wall Street. John Wiley & Sons. ISBN 978-0-470-44273-9.