35 minutes ago NEW YORK (Reuters) - Hedge fund swindler Samuel Israel III faced a fresh charge of bail jumping on Thursday and was ordered to jail immediately, one day after his mother convinced him to end a high-profile run from justice.Israel, who faked his own death nearly four weeks ago to avoid a 20-year prison sentence for cheating investors out of $450 million, was denied bail by Judge Colleen McMahon in federal court in Manhattan. He will likely face additional prison time for having failed to show up at a Massachusetts prison on June 9.
McMahon originally sentenced Israel in April but allowed the man who engineered the $2 trillion hedge fund industry's most brazen scam ever to remain free for weeks so that prison officials could get the medications he needs ready.
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