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Suicide Ruled Out For Fugitive Executive

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Jun 16, 2008 2:39 pm US/Eastern

Suicide Ruled Out For Fugitive Executive

NEW YORK (AP) ― Federal authorities have ruled out suicide in the disappearance of a missing hedge fund swindler whose car was found on a New York bridge.

U.S. Marshal Joseph Guccione said Monday that investigators now consider the case of Samuel Israel III to be solely a fugitive investigation.

Israel's car was found a week ago on a Hudson River bridge with "Suicide is Painless" etched into dust on its hood.

On Thursday, federal marshals issued a wanted poster for the man convicted of cheating investors out of $450 million in his Bayou hedge funds. They said he should be considered "armed and dangerous."

He disappeared on the day he was supposed to begin a 20-year prison sentence.

(© 2009 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

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