This article is about Samuel Israel the former chief executive of invalid hedge-fund firm Bayou Management LLC. A federal judge ordered Samuel Israel III to immediately begin serving a 20 year prison sentence one day after he surrendered following a 3 week run. At his hearing U.S District Judge Colleen McMahon in Manhattan order Israel to be remanded to the U.S. Marshalls. Israel disappeared shortly before his court hearing that was going to sentence him to prison in Southwick, Mass. His bail is going to be forfeited so that money can go back to the taxpayers. He had been released on a $500,000,
bail before fleeing. Mr. Israel was charged with bail jumping or also known as failure to appear after he paid the $500,000 bond. He was also facing a maximum of 10 year sentence because of his charge. He was initially facing 15 years but reduced to 10 years. Barry Bohrer, his lawyer was not giving any statements on his client at the time. Mr. Israel was stating that he had many health problems and asked to serve his sentence at the Federal Medical Center Devens in, Ayer Massachusetts. He will be sent to Metropolitan Correctional Center in Manhattan until the U.S Bureau of Prisons decides where he will finally be residing. Because he failure to appear, it might affect the decision where he might ultimately be housed.
The judge withdrew his prior recommendation in which housing he might reside. During his hearing Mr. Israel, stated that he took 175 30-milligram tablets of morphine and ate his Fentanyl patches before his hearing to try an attempt to kill himself. He decided to turn himself in after the stint. This is a perfect example we spoke about in class on crime and drugs. And as usual crime and drugs almost go hand in hand. Even though he wasn’t dealing drugs he was taking them.
This costs the tax payers money the government and judicial systems. Even though the government and tax payers spend a lot of money for crime prevention we can’t stop every...