Madoff investor found dead

http://www.abs-cbnnews.com/world/12/23/08/madoff-hit-french-investor-commits-suicide-report

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.

 

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

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

 

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

Apparent suicide in his office.

http://www.msnbc.msn.com/id/28368421/

 

Re: Madoff found dead

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

 

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.

 

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.

 

Re: Madoff found dead.

I think the thread title needs changed

 

Re: Madoff found dead.

Well, hell, msnbc reported it was Madoff. Never mind.

 

Re: Madoff found dead.

On TV? They did?

 

Re: Madoff found dead.

change the thread title? just nuke the thread.