According to sources, U.S. Marshals and State Police investigators were questioning an individual whose car was recorded by surveillance video at the Bear Mountain bridge where Israel abandoned his GM Envoy. On the hood of his car, written in dust was the message "Suicide is Painless," the theme of the movie and TV series M.A.S.H. However Israel was not seen jumping, and no body has been found.
Israel had pleaded guilty to defrauding his hedge fund investors of $400 million in a Ponzi-like scheme, where he used new money to create the appearance of profits for earlier investors. Despite his plea, his cooperation with authorities and requests for leniency by his attorneys, a federal judge slapped Israel with a stiff sentence and stung him with harsh words.
"You were, in every meaning of the sense, a career criminal," U.S. District Judge Colleen McMahon said. "You ruined lives. Financial fraud, white-collar crimes are every bit as heinous as every other type of crime and they will be punished severely."
Lawyers for Israel had sought leniency, noting he's had numerous back operations and is addicted to painkillers. The judge had no compassion in her voice when she said, "He suffered from these ailments while he did the crime. He can deal with them while he does the time."
