Ex hedge fund manager unable to persuade judge
Samuel Israel, former hedge fund manager who faked his suicide after his involvement in a $450m fraud has failed last week to persuade a judge to shorten his 22-year sentence or set him free on the basis that prison officials cannot deal with his worsening health situation.
U.S. District Judge Colleen McMahon in Manhattan said the Bayou Group founder’s claim of inadequate care by the Federal Bureau of Prisons, which led to an alleged ‘near death experience’, was not a legal basis to reduce his sentence, and that even if it were, he waited too long to sue.
McMahon in 2008 had sentenced Israel to 20 years for fraud; another judge later added two years for bail jumping.
Source: hereisthecity
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