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Hedge Fund Crook’s Girlfriend Pleads Guilty

WHITE PLAINS, N.Y. (CN) - The girlfriend of Bayou Hedge Fund swindler Samuel Israel III today pleaded guilty to aiding and abetting Israel when he faked his suicide and failed to report to prison. Debra Ryan faces up to 10 years in prison, the U.S. Attorney's Office said.

Israel eventually turned up and went to prison to serve his 20-year sentence. Ryan pleaded guilty today to a one-count federal information.

"On June 10, 2008, Ryan informed the New York State Police that she had located a suicide note written by Israel, and she then provided the note to them," the U.S. Attorney's Office said today in a press release. "In addition, on numerous occasions during interviews with law enforcement officers who were investigating whether Israel had committed suicide or had fled, Ryan denied any knowledge of Israel's whereabouts." But actually, she had helped him park the RV at a rest area near the fake suicide spot, and Israel later drove away in the RV, prosecutors said.

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