UNITED STATES - SEPTEMBER 29: Samuel Israel III, leaves U.S. District Court in White Plains, New York Thursday, September 29, 2005. Israel, founder of the Bayou Group, and finance chief Daniel Marino pleaded guilty to using fake results and a phony auditing firm to fool investors in the $450 million hedge fund, which collapsed this summer. Man at left is unidentified. (Photo by Timothy Fadek/Bloomberg via Getty Images)
