Breaking - Exec. Founder Of A Madoff $1.4 Bil Losing Hedge Fund Found “Dead” - w/Video
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Hedge Fund Founder Who Lost $1.4B in Madoff Scandal Dead in Apparent Suicide
A founder of a hedge fund that lost as much as $1.4 billion in the alleged Bernard Madoff scheme committed suicide in his New York City office, according to several media reports.
Rene-Thierry Magon de La Villehuchet of Access International Advisors was found dead early Tuesday morning, reported French business paper La Tribune.
The 65-year-old Villehuchet had lost as much as $1.4 billion invested with Madoff, the Tribune reported.
Villehuchet “could not cope with the pressure following the outbreak of the scandal,” the Tribune’s Web site said, quoting his relatives. “This is a farewell from someone who had done nothing wrong.”
He was discovered by paramedics in the Manhattan offices of Access International and pronounced dead.
Madoff is accused of masterminding and running a $50 billion Ponzi scheme.
The former Nasdaq chief is currently on house arrest.
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