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Tesla_se

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Tesla_se

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Wednesday, 07/02/2008 12:36:36 PM

Wednesday, July 02, 2008 12:36:36 PM

Post# of 55256
Fugitive hedge-fund swindler in federal custody

http://biz.yahoo.com/ap/080702/fugitive_executive.html

The 48-year-old Israel, a co-founder and chief executive of the now-collapsed Bayou hedge funds, was sentenced in April to 20 years in federal prison for conspiracy and fraud. He was also ordered to pay $300 million to his victims.

Prosecutors said he and two other men persuaded investors to put $450 million into the Stamford, Conn.-based company by announcing nonexistent profits and providing fake audits.
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