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Madoff investor found dead

Discussion in 'Sports and News' started by poindexter, Dec 23, 2008.

  1. poindexter

    poindexter Well-Known Member


    Madoff-hit French investor commits suicide: report

    Agence France-Presse | 12/24/2008 1:32 AM

    PARIS - A French investment fund manager badly hit by the multi-billion-dollar Madoff scandal committed suicide in his New York office on Tuesday, a French newspaper reported.

    Thierry de la Villehuchet, 65, was the co-founder of Access International, a company that raised funds on the European markets to plough into Bernard Madoff's fraud-hit investment scheme.

    Villehuchet "could not cope with the pressure following the outbreak of the scandal. He took his own life, this morning, in his office in New York," the website of la Tribune business daily quoted his relatives as saying.

    "This is a farewell from someone who had done nothing wrong," they said.

    "For the past week, he had tried day and night to find a way to recoup his investors' money and had begun legal action in the United States against US authorities," his relatives said.

    But "he could not stand the hunt for culprits launched by the Europeans."

    "The truth is that everyone wanted to invest with Madoff, considered by everyone to be AAA, i.e. absolute security."

    Prosecutors allege that Madoff, 70, has confessed to losing upward of 50 billion dollars over years of running a pyramid scheme, where new investors were secretly fleeced to pay returns to existing investors.

    He is currently free on bail of 10 million dollars as police continue a probe.

    La Tribune did not specify how much Villehuchet's company had invested in the scheme.
  2. NoOneLikesUs

    NoOneLikesUs Active Member

    Re: Here's a business leader finally showing some accountability

    He gave it his best shot (if of course he shot himself).
  3. 21

    21 Well-Known Member

    Madoff investor found dead, not Madoff as first reported by stupid cable news.

    Apparent suicide in his office.

  4. Moderator1

    Moderator1 Moderator Staff Member

    Re: Madoff found dead

    According to this, it is one of his investors:

  5. Sly

    Sly Active Member

    Re: Madoff found dead

    uh, so who's dead? the investor or the man himself?
  6. Moderator1

    Moderator1 Moderator Staff Member

    Re: Madoff found dead.

    Daily News and Times say the same thing - investor, not Madoff.
    Unless he did it, too. I have not seen that.
  7. Trouser_Buddah

    Trouser_Buddah Active Member

    Re: Madoff found dead.

    Sounds like the investor... the first link has been updated to say that, too. Perhaps a thread title change is in order.
  8. wicked

    wicked Well-Known Member

    Re: Madoff found dead

    I wonder how many of these we'll see in the coming weeks.

    Your entire nest egg is wiped out by a man who is charged with being a crook, you are screwed.
  9. markvid

    markvid Guest

    Re: Madoff found dead.

    I think the thread title needs changed
  10. 21

    21 Well-Known Member

    Re: Madoff found dead.

    Well, hell, msnbc reported it was Madoff. Never mind. :(
  11. markvid

    markvid Guest

    Re: Madoff found dead.

    On TV? They did?
  12. txsportsscribe

    txsportsscribe Active Member

    Re: Madoff found dead.

    change the thread title? just nuke the thread.
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