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Madoff investor commits suicide | Madoff investor commits suicide |
(about 5 hours later) | |
A French investment manager who put $1.4bn (£1bn) into Bernard Madoff's fraud-hit scheme has killed himself in his New York office, police said. | |
Rene-Thierry Magon de la Villehuchet, 65, was found sitting at his desk with both wrists slashed, New York police spokesman Paul Browne said. | Rene-Thierry Magon de la Villehuchet, 65, was found sitting at his desk with both wrists slashed, New York police spokesman Paul Browne said. |
A bottle of pills was found near him, but there was no suicide note. | |
Mr Madoff is accused of running a $50bn (£34bn) Ponzi scheme that wiped out investors around the world. | Mr Madoff is accused of running a $50bn (£34bn) Ponzi scheme that wiped out investors around the world. |
Big funds like Mr Villehuchet's were especially hard hit. | Big funds like Mr Villehuchet's were especially hard hit. |
Paris newspaper La Tribune said he spent the past week trying "day and night to find a way to recoup his investors' money". | Paris newspaper La Tribune said he spent the past week trying "day and night to find a way to recoup his investors' money". |
Mr Villehuchet, who was married without children, was co-founder of money manager Access International. | Mr Villehuchet, who was married without children, was co-founder of money manager Access International. |
Legal case | Legal case |
Mr Madoff's fraud has ensnared Wall Street investors and charities around the world, although the full extent of the losses is as yet unknown. | Mr Madoff's fraud has ensnared Wall Street investors and charities around the world, although the full extent of the losses is as yet unknown. |
Mr Madoff is under house arrest while an investigation is underway | Mr Madoff is under house arrest while an investigation is underway |
He is under house arrest in his Manhattan apartment, and his assets have been frozen. | He is under house arrest in his Manhattan apartment, and his assets have been frozen. |
Another investor who gave Mr Madoff $2m (£1.35m) to manage has taken legal action against US financial regulators. | Another investor who gave Mr Madoff $2m (£1.35m) to manage has taken legal action against US financial regulators. |
Phyllis Molchatsky, a 61-year-old retiree from New York, is seeking $1.7m in damages from the US Securities and Exchange Commission. | Phyllis Molchatsky, a 61-year-old retiree from New York, is seeking $1.7m in damages from the US Securities and Exchange Commission. |
It is believed to be the first attempt by an investor to recover losses from the SEC. | It is believed to be the first attempt by an investor to recover losses from the SEC. |
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