Samuel Israel III, the convicted hedge-fund manager who faked suicide and went on the lam to avoid going to prison, will plead guilty today in U.S. District Court.

From Reuters:

Israel, bearded and dressed in a baggy brown tee-shirt and light pants, appeared before U.S. Magistrate Judge Lisa Margaret Smith in White Plains, a suburb of New York City. He agreed to waive an indictment on a charge of failure to surrender for service of a prison sentence.

The magistrate judge told Israel: "I understand that you have decided to enter a plea of guilty." Israel told the judge he did want to plead guilty, but Smith said the formal plea would have to be entered before the district judge.