- US Firms Hit by Payroll Taxes at Exactly the Wrong Time
- Citi Mortgage Reveals Something the US Treasury Won't
- Fed Sanguine About US Recovery, Worried on Jobs
- Amended Berkshire Filing Reveals No 'Secret' Holdings
- In Time for Holidays: More Gloom and Doom on Economy
- Turkey Day 101: How Well Do You Know Your Bird?
- Privately Held Facebook Creates Dual-Class Stock
- Holiday Guide to This Season's Smartphones
- Six Ways to Boost Your Income in a Big Way
- Citi Mortgage Reveals What Treasury Won't
- S&P to Hit 1,200 by Year-End: Chief Investor
- Amended Berkshire Hathaway Filing Indicates No Secret Stock Stakes at End of Q3
- Facebook's Biggest-Ever Holiday Shopping Season
- Facebook's New Dual Class Structure - Slow Steps to an IPO
- 5 Big Bank Stocks Investors Should Consider: Strategists
- Gambling Drunk, Texting to Live And America's On Sale - Your Emails
- Nov. 24: Unusual Volume Leaders
- NBA D-League On The Rise
MOST SHARED
- The 'Real' Jobless Rate: 17.5% Of Workers Are Unemployed
- CNBC Anchor Takes a Sabbatical
- Amended Berkshire Hathaway Filing Indicates No Secret Stock Stakes at End of Q3
- Privately Held Facebook Creates Dual-Class Stock
- GM's Agreement to Sell Saab To Swedish Firm Falls Apart
- NBA D-League On The Rise
- On Twitter, Beware False Prophets
- 10 Holiday Cocktail Recipes from Top Mixologists
- Just In Time for Holidays: More Gloom and Doom on Economy
- Buyers Look For Bargains At Luxury Condo Auction
Text Size 
A federal judge ordered former hedge fund manager Samuel Israel III back to New York to face new charges after he surrendered to authorities on Wednesday, ending a nationwide manhunt triggered after he faked his own death to avoid a 20-year prison sentence.
 |
Samuel Israel III, a hedge fund manager from New York State who faked his own suicide to avoid a 20-year prison stint leaves U.S. District Court in Springfield, Mass., after turning himself to authorities on Wednesday, July 2, 2008. |
Wearing a blue T-shirt and athletic shorts, Israel, 48, asked U.S. District Court Judge Michael Ponsor to send him to Devens federal prison in Ayer, Massachusetts, where he was due to start the prison sentence.
"I have significant medical issues," said Israel, who was convicted for the most brazen and longest-running fraud in the $2 trillion hedge fund industry. "I do require daily medical attention."
Israel, who appeared without a lawyer, told the judge that he would be safer in the low-security part of the Devens facility.
"I am not a danger to the community. I have not done anything violent," Israel said. "If I was going to flee again, I would not have turned myself in."
The judge rejected the former fugitive's plea, telling him, "You could be at Devens right now if you wanted to be."
Israel will face charges in New York related to his failure to show up for his prison term.
Israel told authorities he had taken medications including morphine the night before, "perhaps in an effort to harm himself," and would be held in a facility in New York where he could get medical attention, said the prosecutor.
Israel, who was hiding out in a mobile home, showed up at the Southwick police station on a Yamaha scooter after his mother had convinced him to turn himself in, the U.S. Marshals
Service said.
His mother also tipped off U.S. Marshals that her son was ready to end the chase.
"Sam Israel was in contact with his mother right before he came in, and she called us to let us know," said Dave Turner, a Marshals spokesman. "He gave up because of the intense pressure of the manhunt.''
Southwick is a small town in the Pioneer Valley near the Connecticut border, about 100 miles southwest of Boston.
It is not far from where Israel was to report to federal prison on June 9 the day his GMC Envoy was found parked on a bridge above the Hudson River, its engine idling and the words
"suicide is painless" etched in dust on its hood.
Print
Email
- Remember when auto shows were major events where new models could generate buzz?
- CNBC’s Mike Huckman visits a cutting-edge plant to see how the flu vaccine of the future is being made.
- People who bottle up their anger at work are up to five times more likely to suffer a heart attack, a study found.
- Playboy will outsource its publishing operations in a bid to become profitable again.
- A new McDonald's in Manhattan is the nation's first to sport a sleek, chic interior imported from stores in London and Paris.
- For nearly three decades, these on-call experts have been dishing advice on how to – and not to – cook turkey.
Data is a real-time snapshot *Data is delayed at least 15 minutes