'Suicide' hedge fraudster behind bars after being told by mother to turn himself in

My Account
Logout

Create an Evening Standard Account

Use your social network

Save time by using your existing account to sign in to Evening Standard

We'll never share your information or post anything to your account without your permission

Welcome! Sign in here

Use your social network

Save time by using your existing account to sign in to Evening Standard

We'll never share your information or post anything to your account without your permission

Forgot your password ?

Registration

* indicates fields that are mandatory

Email *

Password *

Confirm Password *

First name *

Surname *

Postcode *

Country *

Mobile phone number

Username *

Gender *

Year of birth *

When you sign up...

You will have access to all our online competitions, discounted offers and can post comments on our site.

You will also receive The Weekender newsletter sent every Thursday - it’s full of fantastic offers and ideas for the weekend. You can update your email preferences in your account page when you log in.

Other newsletters and emails

Homes & Property Newsletter - Yes I want to receive the weekly email with all the latest news on property in the capital

Occasionally we would also like to send you relevant emails detailing specific offers either from ourselves or carefully selected partners. If you would prefer not to receive these then please tick the appropriate boxes below. We will never pass on your details.

I do not want to receive additional offers and information from the Evening Standard

I do not want to receive additional offers and information sent by Evening Standard on behalf of carefully selected partners

Terms and Conditions

* I have read, understood and agree to be bound by the terms and conditions of Evening Standard

Registration

Mail Sent for Registration Confirmation.

A confirmation email has been sent. Please activate your account by clicking on the activation link sent in your mail box.

Samuel Israel staged his own suicide after being sentenced in April for cheating investors in his Bayou Group out of $450 million.

But the former tycoon turned himself in after being told to by his mother yesterday.

The balding 48-year-old arrived at a Massachusettes police station on a Yamaha scooter to turn himself in. He was talking to his mother on his mobile phone as he arrived.

Israel was tonight ordered to jail immediately.

Police said he had been holed up at a nearby caravan park in the camper van he used as a getaway vehicle.

After his April sentencing, Israel's car was found abandoned on a bridge high over the Hudson River in New York with the words "suicide is painless" scrawled in dust on the bonnet.

Police trawled the river for a body but determined the suicide was a ruse.

Co-founder of the Connecticut hedge fund Bayou Group, Israel pleaded guilty in 2005 to a scheme to fabricate returns and cheat investors out of $450 million. It is still the largest fraud case involving a hedge fund.

Ten days after his disappearance, authorities arrested his girlfriend on charges of aiding and abetting.