June 5 (Bloomberg) -- White-collar fugitives such as Sam Israel and Marcus Schrenker often fail to escape the law because of what prosecutors and bounty hunters say is a lack of preparation for the rigors of life on the lam.
Israel, 49, convicted of running a $400 million Ponzi scheme at hedge-fund firm Bayou Group LLC, and Schrenker, 38, accused of fraud as president of Heritage Wealth Management Inc., were captured within a month of fleeing. White-collar fugitives often run out of money or lack the mental sturdiness to elude police.
Israel, 49, convicted of running a $400 million Ponzi scheme at hedge-fund firm Bayou Group LLC, and Schrenker, 38, accused of fraud as president of Heritage Wealth Management Inc., were captured within a month of fleeing. White-collar fugitives often run out of money or lack the mental sturdiness to elude police.
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