50 Million Dollar Ponzi Man is DEAD

[~Ray]

wrong title... his vivtim was found dead...

http://news.yahoo.com/s/ap/20081223/...vestor_suicide

NYPD: Madoff investor commits suicide in office

AP – People walk out of 509 Madison Ave were Rene-Thierry Magon de la Villehuchet had an office, Tuesday, … NEW YORK – The founder of an investment fund that lost $1.4 billion with Bernard Madoff was discovered dead Tuesday after committing suicide at his Manhattan office, marking a grim turn in a scandal that has left investors around the world in financial ruin.

Rene-Thierry Magon de la Villehuchet, 65, was found sitting at his desk at about 8 a.m. with both wrists slashed, NYPD 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 on Madison Avenue a couple 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 CEO 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.

He lived in an affluent suburb in Westchester County with his wife, Claudine. They have no children. There was no answer Tuesday at the family's two-story house.

"He's irreproachable," said Bill Rapavy, who was Access International's chief operating officer before founding his own firm in 2007.

De la Villehuchet's death came as swindled investors began looking for ways to possibly recoup their losses. A handful of lawsuits have already been filed, all claiming that the hedge funds failed to properly vet Madoff and overlooked some red flags that could have steered them away.

Guy Gurney, a British photographer living in Connecticut, was friends with de la Villehuchet. The two often sailed together and competed in a regatta in France in November.

"He was a very honorable man," Gurney said. "He was extraordinarily generous. He was an aristocrat but not a snob. He was a real person. When he was sailing, he was one of the boys."

The two were supposed to have dinner last Friday but Gurney called the day before to cancel because of the weather. But during the call, de la Villehuchet revealed he had been ensnared in Madoff scandal. "He sounded very subdued," Gurney said.

[farkedup]

GOOD, all these crooks need to be taken out.... guarantee you this guy wasn't innocent.

[HorseShit]

crazy, didn't know that and it happened yesterday

[JamesK]

if I lost $1.4 billion I'd commit suicide too

[notoldschool]

who cuts their wrist anymore?

[mozadek]

Originally Posted by notoldschool

who cuts their wrist anymore?

People who are not serious about committing suicide and just want attention, at least this guy was able to get the job done.

[hypedough]

Shit that's a hard pill to swallow losing that much.

[justanyy]

More like 50 billion dollar scheme. What's a french dude to do without his cool billion? Must commit suicide. Idiot.

[MetaMan]

jewsssssssssssssssssssssssssssss

[~Ray]

I completely fucked the title up. sorry.

[kmanrox]

this thread doesnt deliver

[RogerV]

fuck him

[FreeHugeMovies]

Old news

[baddog]

Nice typo under the pic.

[Quagmire]

Originally Posted by mozadek

People who are not serious about committing suicide and just want attention, at least this guy was able to get the job done.

Must be why its the 8th most popular way of suicide instead of #1

[Vendot]

Originally Posted by justanyy

More like 50 billion dollar scheme. What's a french dude to do without his cool billion? Must commit suicide. Idiot.

Thats bull..... he had a good life no doubt. He probably ended it because he didnt want to face the onslaught of lawsuits and all the crap that would basically hound him for years and make his life a complete misery for the rest of his life.

I doubt it had anything to do with the billion itself, seeing as it wasnt exactly his money.

[StuBradley]

Originally Posted by Vendot

Thats bull..... he had a good life no doubt. He probably ended it because he didnt want to face the onslaught of lawsuits and all the crap that would basically hound him for years and make his life a complete misery for the rest of his life.

I doubt it had anything to do with the billion itself, seeing as it wasnt exactly his money.

I can imagine he had a good deal of friends and family who were heavily invested through him and lost a big chunk of their savings. Lawsuits or not that's a heavy burden to bear.

[clubchics]

dont forget you have heavy mafia in NY... you think for a second that one of these guys wants to deal with them... they would rather go to jail for protection.... he prolly just figured he would speed the process up by doing it himself

[qxm]

fuck dammit.. I keep missing this show on CNBC.. when is it on?.. I want to see how this guy screwed so many people.. btw.. I think the title is wrong... 50 Million is wayy too little ....I think it was 50 Billion ...

[uno]

Originally Posted by mozadek

People who are not serious about committing suicide and just want attention, at least this guy was able to get the job done.

Yah he added a bottle of sleeping pills and probably did it the right way, down the road, not across the street. If I were to go that way I'd add some painkillers and a bottle of high proof rum and wait till I was all numb.

MMM morbid thoughts on christmas eve.

[DaddyHalbucks]

There are many Jews I admire. However, Madoff proves that just because you are Jewish doesn't mean you are a mensch.

Maybe this is a lesson to Jews, especially Jewish charities, to be less clannish.

[maxjohan]

How this 50 billion scammer are still alive is larger question???

I Bet someone set him up just to fund the shitty economy.

Geez, just print some more dollaz bills ya all.

[tony286]

He didnt fuck people he got fucked if you read it.