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Hedge Fund Swindler Arrested

  1. Alex_Rowland
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NEW YORK - A hedge fund swindler who set off a national manhunt when he faked his suicide to avoid reporting to prison rode his scooter to a small-town police station in Massachusetts on Wednesday and turned himself in while talking to his mother on his cell phone.

Authorities say Samuel Israel III showed up at the police station in Southwick at about 9:15 a.m., after hiding out for the last three weeks in his RV. The U.S. Marshals Service had been in touch with the mother for several days as the feds zeroed in on her fugitive son.

“Obviously, she probably had some kind of influence, which mothers usually do,” said Frank Dawson, public information officer for the U.S. Marshals Service in Boston. “He knew they were getting close to him, so he probably did the right thing.”
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