Mother Puts Foot Down As Hedge Fund Rogue Gives Himself Up
More in BUSINESS NEWS
back-up- Click Here To Register For Free News E-Mail Alerts
- The 2008 Best CTO / CIO Poll - Last Week
- 'I Am Bonus' - A Necessity For Naturally Indolent People
- It Could Be Worse - You Could Be In Recruitment
- The Best Firms For Graduate Recruitment & Development Are
- BofA, Lehman, Merrill, Morgan Stanley, UBS, Hank Paulson, AIG
- Funny Caption Competition
- Wachovia Staff Memo On Confirmation Of Wells Fargo Deal
- Credit Suisse, RBS, SocGen, Dexia, Kaupthing
- Global Debt & Equity League Tables - Year To Date
- Staff From 16 Firms Already Nominated For 'Rising Stars'
- Featured Recruiter - Martin Ward Anderson
- 'There Was Nothing Special About Our Firm' - Letter From A Lehman Staffer
- Firm Said To Be Cutting 20% Of Investment Banking Staff
- Pandit Does His 'Nut'
- Roll Up For A Session Of 'Bailout Bingo'
- 'On Top Of Everything Else, Now I'll Get No Severance'
- UK Treasury Statement On Bank Financial Support Plan
- Layoffs - The Definitive Job Loss League Table (The Very Latest)
- 'Their Staff...Were Making A Lot More (Than Ours). That Won't Last'
- The So-Called 'Greedy' Lehman Bonus E-Mail
- CenterFuld - Lehman Boss In The Dock
- M&A - Top Dogs Around The World
- An Oldie, But Goodie During These Difficult Times
- Richard Fuld's Statement To The Congressional Committee (In Full)
- Citi Sues Over Wachovia - For $60bn!
- Fear Not, There Are Jobs Out There
- If Your Firm Was A Monopoly Property.....
- 'Never Mind Your Bonus' - The First Here Is The City Book
- Top Firm Accused Of Bringing Down Lehman
- Top Boss Says Bonuses Will Be 'Solid', But 'Smaller'
- Hedge Fund Makes Single $2.5bn Winning Trade
- 'This Was As Cogent A Case Of Murder As Might Be Imagined'
- 'This Hodge-Podge Of Regulations...(Will) Put Many (Banks) Off Participating'
- Wacha-Gotcha-Notcha-ovia - Bun Fight For Wachovia
- Top Worldwide M&A Legal Advisors - Year To Date
- Citigroup Threatens Legal Action Over Wachovia (Citi Statement)
- Wells Fargo Press Release On The Wachovia 'Acquisition'
- Out Of A Job, Out Of Pocket & Out For Blood
- 'In The Land Of The Laid-Off, The Hiring Firm Is King'
- UBS Confirms 2,000 Job Losses / Closure Of Commodities Unit
- A Wall Street Funny
- Worldwide M&A League Table - Year To Date
- Super Hedge Fund Manager Continues To Defy The Odds
- Fuld, Thain, BNP, SocGen, Morgan Stanley, Raymond James, Shorts
- 'My Firm Will Never Fire Me. I'm Untouchable!'
- 'I Felt Sick When I Saw Them Taking Down The Lehman Signage'
- More Writedowns Expected, Hedge Funds Suffer
- 'We Need A Reality Check'
- 'There Is Only One End To The World, And This Isn't It'
Related Content
- Top Hedge Fund Said To Have Lost $5bn (02/09/2008)
- BofA Comes Good, Hedge Fund Killing, Bonuses (21/07/2008)
- Super Hedge Fund Manager Continues To Defy The Odds (02/10/2008)
- Hedge Fund Makes Single $2.5bn Winning Trade (05/10/2008)
- Bob Diamond's Acquisition Plans, Fortis, Hedge Fund Problems (20/08/2008)
- Buffett Puts His Hand In His Pocket For Goldman (24/09/2008)
A car belonging to Israel was found on 9th June on the Bear Mountain Bridge (which spans the Hudson River) with the word 'Suicide is Painless' scrawled on the windscreen. Investigators weren't fooled, however, and immediately launched a full-scale manhunt for the hedgie.
Israel is said to have been living in at recreational vehicle in a Massachusetts campground under the name 'David Klapp' since he absconded. The campground is around 115 miles from where Israel disappeared. The International Herald Tribune quotes the camp director, Mitch Hayes, who said: 'He seemed like a nice guy. There was nothing suspicious about him'. His mother is thought to have convinced Israel to surrender, as she was concerned about his medical condition. He is said to be in daily need of medication.
Hauled before a judge Wednesday, Israel said that he posed no threat to the community and insisted that: 'I have not done anything violent. If I was going to flee again, I would not have turned myself in'. Not taking any chances, the judge said that 'there is not the slightest possibility that I, or any other judge, would release you at this point', and he was handed over to US Marshalls.
Ironically, Israel's first attempt to turned himself in on Wednesday ended in farce. As there was no full-time police officer available in the small town of Granville, Mass., he drove on a Yamaha scooter to Southwick, telling a police officer there: 'I am a fugitive. I was supposed to go to jail, and I'd like to turn myself in'. And that he did.
