Thierry de la Villehuchet: Madoff Investor Dies After $1.4 Billion Losthttp://www.huffingtonpost.com/2008/12/23/thierry-de-la-villehuchet_n_153147.htmlFrench money manager Thierry de la Villehuchet died of a likely suicide in his New York office early Tuesday morning. His death has been confirmed by the medical examiner. He had cuts on his arms, blood everywhere and sleeping pills nearby, detailed below.
From the AP:
Rene-Thierry Magon de la Villehuchet 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...
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 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.
Villehuchet had plowed over a billion dollars he managed into Bernie Madoff's Ponzi scheme.
Villehuchet "could not cope with the pressure following the outbreak of the scandal," the website of La Tribune daily quoted an associate as saying.
Ray Kelly described the gruesome scene:
De La Villehuchet 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 in the interview.
The money manager had "multiple stab wounds" to his arms and wrists, and a box-cutter and pills were found nearby, Kelly said at a news conference.
Villehuchet reportedly invested with Madoff with leverage, meaning he lost MORE than he had:
European fund managers who knew de La Villehuchet described him to ABCNews.com as a man who inspired "a lot of respect, honour, humanity, kindness and generosity." They said that despite misgivings on the part of his colleagues, Villehuchet had a strong belief in Madoff and had not only committed his own money to Madoff, but did so with 150 percent leverage - in effect his potential losses were greater than his actual wealth.
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