Madoff Investor Commits Suicide

he founder of an investment fund that lost $1.4 billion with Bernard Madoff was discovered dead Tuesday after committing suicide at his Madison Avenue office.

From the Associated Press:

Rene-Thierry Magon de la Villehuchet, 65, was found sitting at his desk at about 8 a.m. with both wrists slashed, New York Police Department spokesman Paul Browne said. A box cutter was found on the floor along with a bottle of sleeping pills on his desk. No suicide note was found.

De la Villehuchet was one of several fund managers to be hit hard in Madoff’s alleged $50 billion Ponzi scheme. Investment funds that lost big to Madoff are also facing backlash and investor lawsuits for not protecting their clients from the alleged fraud.

It is not immediately known what kind of scrutiny de la Villehuchet was facing over his Madoff losses through his Access International Advisors, located a couple of blocks from Rockefeller Center.

But on Monday night, he told cleaning crews in his building that he wanted them out of his office by 7 p.m. because he was going to be working late.

Workers returned Tuesday morning and found the door locked. He was later discovered dead at his desk, with a garbage can placed near his body to apparently catch the blood, Browne said.

De la Villehuchet, (pronounced veel-ou-SHAY) was a prominent investor who came from a long line of aristocratic Frenchmen, with the Magon part of his name referring to one of France’s most powerful families.

The Magon name is even listed on the Arc de Triomphe in Paris, a world-famous monument that was commissioned by Napoleon in 1806.

His fund enlisted intermediaries with links to the cream of Europe’s high society to garner clients. Among them was Philippe Junot, a French businessman and friend who is the former husband of Princess Caroline of Monaco, and Prince Michel of Yugoslavia.

De la Villehuchet, the former chairman and chief executive of Credit Lyonnais Securities USA, was also known as a keen sailor who regularly participated in regattas and was a member of the New York Yacht Club.

From CNN:

Thierry de la Villehuchet, a hedge fund adviser and investor whose firm said he lost $1.5 billion investing with Wall Street adviser Bernard Madoff, was found dead in his office in an apparent suicide Tuesday, police said.

Emergency personnel discovered the body of Villehuchet, 65, at 7:29 a.m. in the Madison Avenue office of Access International Advisors, police said.

Villehuchet suffered “cuts made to his arm, to his wrist and also to his bicep area, with a box cutter,” New York Police Commissioner Ray Kelly said at a news conference.

He also told reporters there were pills present, though it wasn’t clear whether any were ingested, and there was no suicide note.

The body will be examined and a toxicology report issued Wednesday, said Ellen Borakove, a spokeswoman for the New York medical examiner.

Kelly read a statement from Access International Advisors’ attorney saying the firm lost $1.5 billion by investing with Madoff, 70, a former Nasdaq chairman who is accused of operating a $50 billion Ponzi scheme.

Advertisements
Explore posts in the same categories: Uncategorized

Tags: , , , , , , , , , , , , , , , , , , ,

You can comment below, or link to this permanent URL from your own site.

3 Comments on “Madoff Investor Commits Suicide”

  1. James Says:

    This jerk at least had the opportunity to redeem itself from the filth it lived in, I am happy that it left this planet in absolute zero. Hopefully there will be many more to leave in exactly the same way! When I consider how long it will take US, the people too reclaim our trust and our honor from this masterbation of the rich, I personally look forward to Wall Street’s assination of itself.

  2. American hawk Says:

    What can you expect from a French man?
    He gets conned and instead of taking it as a man, he wines and cuts his wrist.
    At least he should have done it properly with an American made hand gun, not in the lame Europeean way.

  3. but Says:

    O verfy nice,
    You have pointed out only the fact that Magon was an European gay. But he has cleaned his name by his own blood. Your herro madoff is till alive and smiling.
    What can you expect from and americam Madoff? Just steel the money and smile.
    thx.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s


%d bloggers like this: