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Samuel Israel III (born July 20, 1959) is an American born former hedge fund manager for the Bayou Hedge Fund Group, which he founded in 1996. ==Biography== Israel was born into a prominent Jewish family from New Orleans.〔(The Search for a Missing Trader Goes Global ), ''The New York Times'', 14 June 2008.〕 In 1996, Israel founded the Bayou Hedge Fund Group, which raised $450 million from its investors and for which Israel was CEO. Bayou and Israel misappropriated these funds for personal use, running what would later become known as an infamous Ponzi Scheme. After poor returns in 1998, the firm founded a dummy accounting firm, which they hired to audit themselves in order to keep up appearances to investors. In 2005, Bayou was indicted for one of the largest hedge fund frauds in American history. On September 29, the Commodity Futures Trading Commission (CFTC) filed charges against Bayou, Israel, and Bayou CFO Daniel Marino.〔(【引用サイトリンク】 CFTC Press Release 5-21-05 )〕 The next year, the hedge fund filed for Chapter 11 bankruptcy-court protection. On April 14, 2008, Israel was sentenced to 20 years in prison for and ordered to forfeit $300 million after pleading guilty to defrauding investors in his now-bankrupt firm.〔(【引用サイトリンク】 publisher = Bloomberg )〕 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Samuel Israel III」の詳細全文を読む スポンサード リンク
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