Israel was sentenced in April 2008 after pleading guilty in2005 to fraud following Bayou's collapse. "When I heard the 20-year sentence I was in a state ofshock and I was scared of spending the rest of my life injail," he told the judge. District Judge Kenneth Karas and saidhe staged his death and fled because he had been terrified ofthe long prison term he was due to start. At a court hearing in White Plains, a New York City suburb,Israel apologized to U.S. The two years in prison will be in addition to the twodecades Israel, 49, already is serving for bilking BayouManagement LLC hedge fund investors out of about $450 million. * Sentence tacked on to Bayou founder's 20 year fraud term Regulatory News  |  Funds News  |  ETFs News * Israel apologizes, says could not face long jail term * Lawyer asked for 1 year, citing health problems (Adds quotes, background, byline) By Chavon Sutton WHITE PLAINS, N.Y., July 15 (Reuters) - Hedge fund swindlerSamuel Israel was ordered to serve two more years behind barson Wednesday for a wild escapade in which he faked his owndeath in an attempt to avoid a 20-year prison sentence. Israel's vanishing act in June 2008 sparked an intensemanhunt, after his abandoned car was found on a New York bridgewith a suicide note scrawled in dust on the vehicle's hood Hesurrendered after less than a month on the run.

1.(Writing by Karolos Grohmann; Editing by Ken Ferris To query or comment on this story ) (Editing by Ken FerrisTo query or comment on this story ). "Also, it was agreed the whole process of amendments of thesports law must be finalised by 31 December 2009 at the latest." It added "if necessary the IOC together with the OlympicCouncil of Asia will offer assistance... on a technical level inorder to ensure the Kuwait sports law and regulations arecompatible with the Olympic Charter and the rules of the Olympicsports federations." The IOC said last month government authorities had untilJuly 31 to amend the country's sports law or see the countrysuspended from Aug. "The Kuwait Authorities expressed their willingness to findan appropriate and suitable solution in order to avoid thesuspension of the Kuwait Olympic Committee and the KuwaitOlympic Movement," the IOC said in a statement. Howwever, following a "fruitful" meeting between Kuwaitiauthorities and the IOC in Lausanne on Wednesday, the two sideshave agreed to settle the issue by Dec 31. The IOC has tried for two years to find a solution withauthorities over the independent operation of Kuwait's NationalOlympic Committee (NOC) and the country's sports bodies butpreviously said deadlines had repeatedly not been respected.

BERLIN, July 15 (Reuters) - Kuwait was prepared to amend alaw threatening the autonomy of its sports organisations andputting the country at risk of suspension from the Olympicmovement, the International Olympic Committee said on Wednesday. WASHINGTON (Reuters) - Former Treasury Secretary Henry Paulson says in prepared congressional testimony that he told Bank of America (BAC.N) Chief Executive Kenneth Lewis the Federal Reserve could oust the bank's management and board if they walked away from a planned merger with Merrill Lynch.Paulson also said in testimony prepared for delivery to the House Oversight and Government Reform panel on Thursday that he was never instructed by Fed Chairman Ben Bernanke to indicate to Lewis any actions the Fed might take.(Reporting by Mark Felsenthal; Editing by Jan Paschal). The company undertakes no obligation to update or reviseforward-looking statements to reflect changed assumptions, the occurrence ofunanticipated events or changes to future operating results. Important factors currentlyknown to management that could cause actual results to differ materially fromthose in forward-statements include fluctuation of operating results, theability to compete successfully and the ability to complete before-mentionedtransactions. Prospective investors are cautioned that any such forward-lookingstatements are not guarantees of future performance and involve risks anduncertainties, and that actual results may differ materially from thosecontemplated by such forward-looking statements.

Those statements include statements regardingthe intent, belief or current expectations of the Company, and members oftheir management as well as the assumptions on which such statements arebased. (HCKE.PK), Alteri Bakery,Inc., Sackets Harbor Brewing Company and Seaway Restaurant Group.Safe Harbor Statement This press release contains statements that may constitute "forward-lookingstatements" within the meaning of the Securities Act of 1933 and theSecurities Exchange Act of 1934, as amended by the Private SecuritiesLitigation Reform Act of 1995. Seaway also seeks investments in leveraged buyouts andrestructurings.Seaway will consider investment opportunities in a number ofdifferent industries, including retail, restaurants, consumer products, media,business services, manufacturing, and select technologies.Seaway Valley'scurrent portfolio includes Hackett's Stores, Inc. (Pink Sheets: HCKE), todayannounced that it anticipates having its entire bank loan paid by mid-weeknext week.Newly appointed Vice President and COO Herbert Becker said, "This representsdebt repayments of over $5 million since January of this year."Mr. For more information about Pilsner Urquell, visit.

World Golf TourJennifer Nichols, orPilsner UrquellLori Barthelemy, Copyright Business Wire 2009. Seaway Valley Capital Corporation's Hackett's Stores Senior Bank IndebtednessUnder $70k-New Chief Operating Officer Herbert Becker expects loan to be repaid nextweek - GOUVERNEUR, N.Y., July 15 /PRNewswire-FirstCall/ -- Seaway Valley CapitalCorporation (OTC Bulletin Board: SWVL), a diversified holding company, withthe wholly owned subsidiary Hackett's Stores, Inc. Nearly 90 percent of theworld`s beer is a variation of the original golden beer, making pilsner the mostpopular beer style in the world and further establishing Pilsner Urquell as atrue original. PilsnerUrquell is currently exported to over 50 countries around the world includingmarkets in Europe, North America, Australia and Asia. Pilsner Urquell is brewed in Plzen in the Czech Republic by Plzensky Prazdroj ASand owned, distributed and marketed internationally by SABMiller. For more than acentury and a half, Pilsner Urquell has been offering discerning beer drinkers abalanced and refreshing beer that has become the standard against which allothers are compared. About Pilsner UrquellCreated in Plzen, Czech Republic in 1842, Pilsner Urquell revolutionized thebrewing industry as the world`s first golden beer, creating a new style of beerthat became known as pilsner, named after its city of origin.