CNBC is reporting that Sam Israel III turned himself in the morning, surrendering to police in Southwick, MA.

This is one of those good news/bad news situations. It's clearly good news that the guy who perpetrated a $450 million fraud is going to serve time for the crimes in which he participated.

It's bad news in that by the time I get the video from "America's Most Wanted," which aired on June 28, the story will be kind of stale; and my hopes of seeing him arrested on an episode of COPS have been dashed. Couldn't you just see him racing out of his mobile home, disoriented and wearing in a dingy wife beater, flashing his blue bird tatoo? Am I the only one laughing?

I guess I'm going to have to find something new to goof on in the blog.

Have you heard the one about Hakan Yalincak? Stay tuned...