Madoff Fund Operator Who Had $1.4 Billion Invested Found Dead in Suicide

[marmar]

Madoff Fund Operator De La Villehuchet Found Dead (Update1)
By Saijel Kishan, Katherine Burton and Henry Goldman


Dec. 23 (Bloomberg) -- A New York-based money manager who may have lost $1.4 billion of client funds invested with Bernard Madoff apparently killed himself in his Madison Avenue office, Police Commissioner Raymond Kelly said.

“Our investigative premise is that it was a suicide,” Kelly said today in an interview. The body of Thierry Magon de La Villehuchet, 65, a co-founder and chief executive officer of Access International Advisors, was found today. The company raised money mainly from wealthy European investors. Madoff 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, came as lawsuits mounted in connection with investors victimized by Madoff. Fairfield Greenwich Group, a hedge-fund firm that had $7.5 billion invested with Madoff, has been sued for allegedly failing to protect their clients’ assets. A New York woman who says she lost most of her savings is seeking $1.7 million in damages from the U.S. Securities and Exchange Commission for Madoff losses.

The tally of investors hurt by Madoff continues to grow. Pedro Almodovar, the Spanish film director known for movies such as “Women on the Verge of a Nervous Breakdown,” has about $280,000 at risk, El Economista reported. .......(more)

The complete piece is at: http://www.bloomberg.com/apps/news?pid=20601087&sid=aYr0nvv8CJM0&refer=home

[anigbrowl]

1. Are you just reposting every headline on bloomberg?

Several ofthese stories have threads already. Stop being copypasta.

[marmar]

2. Perhaps you should stop playing thread parent.....If you've seen it already don't open it.

Good f**king grief. :eyes:

[anigbrowl]

3. "Good citizens check for duplicates!"

[marmar]

4. And goodness knows there have never been dupes on DU before, c'est vrai?

:eyes:

You need a hobby.

[anigbrowl]

5. Apparently your hobby is just reposting everything from Bloomberg.

Enjoy.

[marmar]

6. Umm....okay. I'll let that be the last word is this completely inane e-conversation.

:dunce: