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

[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!

[jwirr]

1. Ken Lay anyone?

[WorseBeforeBetter]

2. Living next to OBL in some tropical paradise. (n/t)

[Ecumenist]

8. Hmm, He pulled a failed " Ken Lay". Po thang..

[liberal N proud]

11. Maybe that is what the property bu$h owns in Paraguay is for

A place for all the CEO's and Hedge Fund managers to hide after they died.

[not fooled]

3. Yet another BFEE tawdry connection

If the media would just do its job and inform the public adequately about the slimy doings of the Bush family, no one in this country would ever again allow a member of this criminal enterprise to hold office.

Over and over and over again, they get involved in the lowest, most corrupt aspects of the American financial system. Oh gee, it's just "white collar" crime, so apparently it doesn't count. :eyes:

[Raster]

6. If the MSM would do their job and adequately inform the public about the bush* family and their

cornucopia of misdeeds and illegal acts, public outcry would DEMAND a constitutional amendment barring any members of this despicable family from ever holding public office again. Personally, I prefer the whole lot of them sterilized so they can't continue to breed.

[Recursion]

7. Unfortunately, that would be "corruption of blood"...

...which is itself unconstitutional. I'd just settle for the whole family being too afraid of torch-bearing mobs to stay in the country.

[Raster]

9. Yes, you are correct. But I can dream, can't I.

I'll go with torches and pitchforks. I'll also go for tar and feathering and riding the bush* bastards out of town on a rail.

[diane in sf]

10. I dream of guillotines.

[Raster]

12. Yes Citizen Diane, I frequently dream of guillotines also.

[bluesmail]

4. Octopus, Spiders Web, doesn't matter, because when you're

done untangling the damm mess, if you ever do, There's A * .

[Raster]

5. It was Ellis on Faux that "called" Selection 2000 for his first cousin AFTER CBS had

already called Florida for Gore. "Electoral consultant" :rofl: I prefer "accomplice."

[sam sarrha]

13. he's party'n it up with Ken Lay on some island with a bunch of hookers..he could have made a deal,

so maybe Bu$hitCo took him out and fed him to one of their drug lord's zoo lions