Israel to Proceed Directly to Jail

A federal judge in New York ordered white-collar fugitive Samuel Israel to start serving his 20-year fraud sentence immediately, the Wall Street Journal reports, and ruled that his $500,000 bail be forfeited. "My hope is it will be applied to the resources taxpayers incurred to find Mr. Israel," the judge said. The former hedge-fund manager could face an extra 10 years for fleeing. (Read more Samuel Israel stories.)