Tag:
Samuel Israel
Latest Headlines
Latest Headlines
Shades of Samuel Israel?
A Chicago hedge fund manager, Philip Baker, of Chicago-based Lake Shore Asset Management, has been indicted for cheating hundreds of investors out of roughly $312 million. The Canadian citizen was last spotted in Hamburg, Germany. His current whereabouts are unknown, according to prosecutors. Ar
Arthur Nadel turns himself in
Shades of Samuel Israel? Arthur Nadel, 76, disappeared this month after telling his wife in a note that he felt guilty about an alleged $100 million hedge fund scam he was perpetrating. His disappeared just as he was supposed to have made a $50 million payment to customers. He also threatened to k
Did disgraced Goldman Sachs analyst flee the country?
Remember David Pajcin, the former Goldman Sachs fixed-income analyst? Along with his partner in crime, he led a massive insider trading ring that spectacularly fell apart in 2005. The global insider trading scheme included a wide cast of characters including his aunt in Croatia, an investment bank
Update: Samuel Israel's anti-climactic end
Samuel Israel riveted the industry for a few weeks. He got more coverage for faking his suicide and going on the run--on the day he was supposed to begin a long prison term--than for the massive hedge fund fraud for which he was convicted. But in the end, his saga ended anti-climactically. U
The search for Samuel Israel is on
This is starting to sound like a movie. A convicted hedge funds fraudster did not commit suicide, even though his SUV was found on a bridge with "suicide is painless" scribbled in the dust. An arrest warrant has been issued. Domestic law enforcement officials have appealed to Interpol for
