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View Full Version : Madoff Fund Operator De La Villehuchet Found Dead


Midnight Son
12-23-2008, 01:11 PM
http://www.bloomberg.com/apps/news?pid=20601087&sid=aWjSbyQ3u3fg&refer=home

Dec. 23 (Bloomberg) -- Thierry Magon de La Villehuchet, who ran a fund that invested with Bernard Madoff (http://search.bloomberg.com/search?q=Bernard+Madoff&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1), was found dead today in his New York office in an apparent suicide, Police Commissioner Raymond Kelly said.
“Our investigative premise is that it was a suicide,” Kelly said in an interview. De La Villehuchet, 65, was found “with his feet propped up on his desk, a trash pail nearby to collect blood,” and no sign of a second person, Kelly said.

The money manager had “multiple stab wounds” to his arms and wrists, a box-cutter and pills were found nearby, and no suicide note was found, Kelly said. De La Villehuchet was co- founder and chief executive officer of Access International Advisors (http://www.aiagroup.com/), a New York firm that invested $1.4 billion with Madoff, who was arrested on Dec. 11 for allegedly running a $50 billion Ponzi scheme.

The death of de la Villehuchet, who founded Access in 1994 with Patrick Littaye (http://search.bloomberg.com/search?q=Patrick+Littaye&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1), came as lawsuits mounted in connection with investors victimized by Madoff. Fairfield Greenwich Group (http://www.fggus.com/), a hedge-fund firm that had $7.5 billion invested with Madoff, has been sued by investors for allegedly failing to protect their assets. A New York woman who says she lost most of her savings is seeking $1.7 million in damages from the Securities and Exchange Commission for Madoff losses.
Way to go, Bernie. You must be very proud of yourself. Allegedly.

Midnight Son
12-23-2008, 02:07 PM
What? No outrage? Sadness? Ennui?

I'll go with ennui.

Bad Neighbor
12-23-2008, 02:41 PM
Um... Midnight Son is a meanie head that posts poop!


Did I do it right?

Machfive
12-24-2008, 08:22 AM
If this guy was in on the bilking, then I hope they found him with a portfolio prospectus shoved up his ass. Sideways.

Ex-S Woo
12-24-2008, 08:30 AM
Why all the hostility? This guy's a victim of Madoff, not a cohort.

Midnight Son
12-24-2008, 08:31 AM
Well, it's not known exactly who knew what and when they knew it.

Robert Sharp
12-24-2008, 08:42 AM
You gave us an hour to post and when we didn't, you said we failed you?

What should we say here? The guy killed himself. Rough.

Midnight Son
12-24-2008, 08:48 AM
You gave us an hour to post and when we didn't, you said we failed you?


Why were you not on here 24/7? I question your dedication.

Cubit
01-29-2009, 08:18 AM
some people are wondering why JP Morgan pulled a lot of money out of Madoff's funds a few months before it all came crashing down:

http://www.nytimes.com/2009/01/29/business/29madoff.html?_r=1&ref=business

Brendan
01-29-2009, 09:05 AM
I wish that more bankers involved in directly causing the current financial meltdown would take the honourable way out like this.