Debra Ryan Arrested In Sam Israel III Case

June 20, 2008 – 9:22 am

by Darren

Debra Ryan has been arrested in connection with the case against her boyfriend Sam Israel III, a hedge fund manager who disappeared on the day he was to begin serving a 20 year sentence related to his bilking of $450,000,000 from investors in the Bayou Investment Managers hedge fund.

Ryan, 45, has been released on $75,000 bail and faces 10 years in prison for her role in helping her boyfriend escape.

Inspectors found Israel’s car with a note that read “suicide is painless” last week. Inspectors now believe the suicide is a ruse from a known scammer and that Debra Ryan actually helped Israel escape.

“We’re continuing to work with federal marshals and the U.S. attorney’s office in an effort to locate Sam Israel,” said FBI spokesman.

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