Tuesday, December 23, 2008

Madoff Investor dies, by possible suicide after losing 1.4 billion

This is sad, but I think it will not be the only story like this.

The total shock of what Bernie Madoff did has had a roller ball effect. This effect is not just for the rich, but many middle class who invested but did not know their whole life savings was with Madoff, many charities and non-profit organizations are closing their doors due lack of funds from philanthropists and because Madoff wiped out many of these charitable organizations.

If anyone out there thinks Bernie Madoff was the only one, think again. As I stated when Indy-Mac went down, there were more banks ready to collapse, the same thing with the Madoff scandal. He was not the only one running a ponzi scheme.

French 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.

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...

Read more, here.