Debra Ryan, girlfriend of former hedge fund manager Sam Israel, plead guilty to "aiding and abetting Samuel Israel III's failure to surrender to serve his sentence on June 8, 2008", according to the US Attorney's office.
Israel was supposed to serve 20 years in prison, beginning in June of 2008, for his role in defrauding investors in the Bayou Management funds. Rather than turn himself in, Israel allegedly faked his own suicide, and then fled to avoid incarceration.
$440 million The alleged money under management for Bayou.
$101 million Money frozen by State of Arizona believed to be remaining assets of Bayou Management LLC.
The action also states that in the spring of 2004 Bayou began a series of transactions which involved transferring large sums of money to numerous banks. The private placement programs promised above average rates of return, as much as 100% per week. These transactions are what initiated the Arizona investigation.