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Feds: Hedge Fund Swindler Didn't Jump
Topics:Hedge Funds
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Federal authorities have ruled out suicide in the disappearance of a missing hedge-fund swindler whose car was found on a New York bridge with the words "Suicide is Painless" written in the dust on the hood. (Video: CNBC's Mary Thompson reports on the manhunt for Israel)
U.S. Marshal Joseph Guccione said Monday that investigators now consider the case of Samuel Israel III to be solely a fugitive investigation.
Israel's car was found a week ago on a Hudson River bridge.
Federal marshals issued a wanted poster Thursday for the man convicted of cheating investors out of $450 million in his Bayou hedge funds. They said he should be considered armed and dangerous.
On the Run:
Israel disappeared the day he was supposed to begin a 20-year prison sentence.
© 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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