Sunday, January 18, 2009

Another Hedge Fund Hoax?

Remember Samuel Israel, "the convicted founder of hedge fund firm Bayou Group LLC who faked suicide?"

"Hedge fund leader reported missing

MIAMI - A Florida hedge fund manager accused of defrauding investors out of millions is missing and his family is worried because he left a note indicating he was "distraught," police said yesterday. Authorities were interviewing investors and looking into claims that Arthur G. Nadel stole from them, said Sarasota Police Captain Bill Spitler. It was too soon to say exactly how much was invested, but there were reports the hedge fund could be out $350 million (AP)."

So what tropical island did this guy land on?