Bayou hedge fund manager believed to fake suicide: report (partner to John Ellis - Bush cousin) [View All]

[UpInArms]

Source: Reuters

NEW YORK (Reuters) - Samuel Israel III, the U.S. hedge fund manager convicted of fraud, is now on the run after failing to report to prison to begin serving a 20-year sentence, ABC News reported on its website on Friday.

Unnamed U.S. Marshals and New York State Police investigators told the U.S. television network they are almost certain the disgraced hedge fund manager faked a suicide plunge earlier this week.

Israel was convicted of bilking investors out of some $400 million through his failed Bayou Group hedge fund. His car was found the Bear Mountain Bridge earlier this week with the words "suicide is painless" written in the dust on the hood.

Authorities initially suspected Israel jumped off the bridge in a possible suicide, but no body has been found and no witnesses reported seeing him jump, the website said.

Read more: http://www.reuters.com/article/businessNews/idUSN1238413020080612?feedType=RSS&feedName=businessNews

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update from yesterday's thread

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=3347760&mesg_id=3347760

here's the connection:

Bayou and the Bush Cousin

A first cousin of President Bush is emerging as a peripheral player in the increasingly bizarre Bayou Management hedge fund scandal.

Sources say John P. Ellis, a former journalist turned investment banker, represented several companies in investment presentations to IM Partners, a side venture set up by Samuel Israel and Daniel Marino. Israel and Marino were the management team that ran Bayou and who federal prosecutors allege defrauded investors out of $300 million.

People familiar with the Bayou saga say Ellis, a personal friend of Israel for the past several years, helped arranged at least five investment deals for IM Partners while working as a managing director for GH Venture Partners, a New York City-based investment bank. In all, IM Partners, a Connecticut-based investment partnership, invested at least $25 million in deals handled by GH Venture.

<snip>

A former columnist for the Boston Globe, Ellis may be best known for his work as an electoral consultant for Fox News during the 2000 presidential election. It was Ellis' analysis of the Florida vote total that led Fox to declare Bush the victor before any of the other networks.

<snip>

IM Partners also invested $2 million in Debit Direct, another Isle of Man company with close ties to Kycos. Last year IM Partners and Marino, who is listed as the general partner of IM Partners, sued Debit Direct in federal court seeking the return of its money. The lawsuit is still pending.

It's believed that IM Partners stands for Israel Marino Partners.

...more...

and so it would appear that all of those who posted that this slimy POS is sunning with Kenny Boy Lay would be on the right track!