Tuesday, January 6, 2009

Big Madoff Investor Found Dead

Thierry Magon de La Villehuchet, found with pills, box cutter nearby.

The Wall Street Journal - The co-founder of an investment advisory firm that lost $1.5 billion in the Madoff scandal was found dead Tuesday in an apparent suicide in his Manhattan office, police said.

Thierry Magon de La Villehuchet, 65 years old, was pronounced dead about 8 a.m. New York City police said they believe the death to be a suicide but were awaiting results of an autopsy to be completed Wednesday.

Workers discovered Mr. de La Villehuchet's body about 7:30 Tuesday morning at the Madison Avenue offices of Access International Advisors, police said. Mr. de La Villehuchet had lacerations on his arms, and police found a box cutter nearby as well as a bottle of what appeared to be sleeping pills.

If the death was associated with Mr. Madoff's alleged fraud scheme, it will be the highest-profile tragedy yet in a case that has touched investors world-wide. Thousands of individuals, institutions and nonprofit organizations are struggling to assess the fallout of the alleged fraud. Mr. Madoff was charged with fraud after authorities said he told his sons the business was "a giant Ponzi scheme" and that he had potentially lost at least $50 billion.http://online.wsj.com/article/SB123005864125030637.html

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