The 150-year sentence Judge Denny Chin imposed on Bernie Madoff has kicked off a trend! Federal prosecutors have recommended a draconian 145 years for Ponzi-scheming lawyer Marc Dreier, and now, apparently, the judge due to sentence Samuel Israel, the Bayou Group hedge-fund fraud who attempted to fake his suicide to get out of going to prison last year, is feeling like he needs to keep up. Though federal guidelines recommend he get another twelve to eighteen months for going on the lam,
Judge Kenneth Karas in White Plains, N.Y., has notified attorneys that he's considering an even longer sentence. They have until Tuesday, the day before Israel's sentencing, to respond.
Bad luck. To think, if he'd just gone to prison like he was supposed to, he would have been out by 2026. Now he won't totter out until 3000.
NY hedge swindler faces more prison [Newsday]