UPDATE 1-FACTBOX-Hedge fund managers who escaped U.S. police
(Adds details from Marshals that Israel did not kill himself)
BOSTON, June 16 (Reuters) - Authorities are hunting for former hedge fund manager Samuel Israel III, who staged his death a week a ago. With no body, authorities said on Monday that suicide is ruled out and they are certain Israel staged a hoax. U.S. Marshals, who track fugitives, put out a Wanted poster for him last week.
For details, double click on [ID:nN13192979], [ID:nN1185840]
Below is a summary of hedge fund managers who escaped authorities in recent years.
Samuel Israel III - Ran Bayou Group hedge fund, which collapsed in 2005. Sentenced to 20 years in prison in April for cheating investors out of $450 million, he failed to show up at a Massachusetts prison on June 9. Police found his GMC Envoy abandoned on a bridge. U.S. Marshals on Monday ruled out suicide. They said he should be considered armed and dangerous.
Kirk Wright - Ran International Management Associates and swindled investors including professional football players out of more than $100 million. He bought an Aston Martin, Jaguar and Bentley and other luxury items, and was on the run for months before being arrested at a hotel in Miami Beach. An Atlanta jury recently convicted him of mail fraud. He hanged himself in his prison cell in May.
Angelo Haligiannis - Was arrested in Greece in September 2007 after having fled the United States in January 2006. Authorities said Haligiannis cut off his ankle monitoring device one day before he was scheduled to be sentenced to a 15-year prison term. The fund manager, who pleaded guilty to one count of securities fraud for having lied to investors in his Sterling Watters Capital Advisors fund, lived in expensive hotels and was spotted gambling and sipping champagne.
Michael Berger - Was arrested in July 2007 in Austria while driving his car. He eluded U.S. authorities for five years. His Manhattan Investment Fund lost $400 million for clients. Berger, an Austrian citizen, pleaded guilty to charges of securities fraud in the United States in 2000 and went on the run two years later. At one point he was also seen on the Caribbean island of Dominica, which has no extradition treaties with the United States. (Reporting by Svea Herbst-Bayliss; Editing by Andre Grenon and Braden Reddall)
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