Samuel Israel III
Samuel Israel III | |
|---|---|
| Born | July 20, 1959 New Orleans, Louisiana, United States |
| Occupation(s) | Former hedge fund manager and investment advisor |
| Criminal status | Incarcerated |
| Criminal charge | Fraud |
| Penalty | sentenced to 22 years |
Samuel Israel III (born July 20, 1959) is an American fraudster and former hedge fund manager for the Bayou Hedge Fund Group, which he founded in 1996. In 2008, Israel was sentenced to 20 years in prison and ordered to forfeit $300 million for defrauding his investors.