Sam Israel's Girlfriend Pleads Guilty

Remember Samul Israel III, the hedgie who hid the losses recorded by his Bayou Fund? After faking suicide and fleeing rather than reporting to prison, Sam forfeited $500,ooo bail and got up to 10 years added to his 20-year sentence.

His girlfriend, who helped him stage the "suicide," has pleaded guilty and will serve less than a year.

She'll probably be out before we know what happens to Bernard Madoff, who may be negotiating a plea bargain.