Securities Law Prof Blog

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

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.

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