Feds: Hedge Fund Swindler Didn't Jump


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.

Israel disappeared the day he was supposed to begin a 20-year prison sentence.