On Wednesday morning, hedge fund fugitive Samuel Israel III surrendered himself to law enforcement officials in Southwick, Mass. Israel has been on the run since June 9, when he was set to report to prison in Ayres, Mass. His car was found that day on a Westchester County, N.Y., bridge with the words suicide is painless written on the hood.
Israel pled guilty in 2005 to investment advisor fraud, mail fraud and conspiracy, and was released on bail. The scandal cost the investors of his hedge fund approximately $450 million. His girlfriend, Debra Ryan, was arrested last week for assisting his escape from the authorities and was later released on a $75,000 bail.