Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Monday, April 14, 2008

Bayou's Israel Sentenced to 20 Years

Former Bayou hedge fund executive Samuel Israel III was sentenced to 20 years in prison for defrauding investors out of over $450 million.  He was also ordered to pay $300 million in restitution.  Israel pleaded guilty to conspiracy and investment adviser fraud; the judge called him the "mastermind" of the fraud.  WSJ, Bayou Hedge Fund Chief Israel Sentenced to 20 Years in Prison.

http://lawprofessors.typepad.com/securities/2008/04/bayous-israel-s.html

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