Huffpost Business

Feds: Missing NY swindler armed and dangerous

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WHITE PLAINS, N.Y. — Federal marshals in New York have issued a "Wanted" poster that says a missing hedge-fund swindler should be considered "armed and dangerous."

A car belonging to Samuel Israel III was found Monday on a bridge over the Hudson River, with "Suicide is Painless" etched into the dust on the hood. But no body has been found, and investigators believe Israel may be on the lam.

He was supposed to start a 20-year prison sentence Monday for bilking investors out of $450 million in hedge funds.

The poster does not explain why Israel is considered dangerous. A call to the marshals office was not immediately returned on Thursday.