{"id":8310,"date":"2008-08-07T00:00:00","date_gmt":"2008-08-07T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-fund-founder-barred-from-pleading","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2008\/hedge-fund-founder-barred-from-pleading.html","title":{"rendered":"Hedge fund founder barred from pleading"},"content":{"rendered":"<p>Boston Globe &#8211; A federal judge barred Samuel Israel, the convicted founder of hedge fund firm Bayou Group LLC, from entering a plea to bail jumping, saying his addiction to methadone may have impaired his judgment.<\/p>\n<div>\n<div class=\"embed\">\n<div class=\"relatedBox\">\n<div>\n<p>A US judge cited Bayou Group founder Samuel Israel&#8217;s methadone addiction and his ability to understand the proceedings.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<p>Israel, who sought to plead guilty yesterday in US District Court in White Plains, N.Y., told US District Judge Kenneth Karas that his ability to understand the proceedings was &quot;60 to 70 percent.&quot;<\/p>\n<p>Prosecutors said the 49-year-old faked suicide and fled the day he was to begin a 20-year sentence for his conviction in a $400 million fraud.<\/p>\n<p>&quot;I have to be satisfied that you&#8217;re competent,&quot; Karas said, rejecting the plea to one count of failure to appear. &quot;The fact that there is some doubt about that makes it imprudent to go forward today.&quot;<\/p>\n<p>  <strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.boston.com\/business\/articles\/2008\/08\/07\/hedge_fund_founder_barred_from_pleading\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston Globe &#8211; A federal judge barred Samuel Israel, the convicted founder of hedge fund firm Bayou Group LLC, from entering a plea to bail jumping, saying his addiction to methadone may have impaired his judgment. A US judge cited [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[577,929,1981,1984,1049,1982,768,1524,1320,1857,588,1983,699],"class_list":["post-8310","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-6-million","tag-asset-manager","tag-back-pain","tag-business-day","tag-chief-financial-officer","tag-client-accounts","tag-doors","tag-facet","tag-globe-russia","tag-liquidators","tag-palm-beach","tag-pct","tag-volatility"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8310","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=8310"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8310\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8310"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8310"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8310"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}