Author Topic: Another Ramification of Madoff Scandal  (Read 617 times)

pioneer

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Another Ramification of Madoff Scandal
« on: December 24, 2008, 08:57:46 AM »
A French investment manager who put $1.4bn (£1bn) into Bernard Madoff's fraud-hit scheme has committed suicide 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.

A bottle of sleeping pills was on his desk and a box cutter lay on the floor.

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.

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. - source: BBC

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Raquelproud boholana

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Re: Another Ramification of Madoff Scandal
« Reply #1 on: December 24, 2008, 11:49:41 AM »
Short is life in exchange for eternity. Worry about the financial resources of others,it seems to me, would amount  to thinking about what other are enjoying... Leave this worrying to the One who can move all, for He is the Lord of money and of those who earn money. Saint Teresa of Avila
Sikat kaayo ni si Maddof kay abi very successful kay daghan mansion,yatch,nice vacation unya diay ang kwarta iya gigasto ang giinvest sa mga tawo.Para ingnon lagi.Wa na nagsugod nag pangihikog ning iyang giilad.Makatug pa ba kaha ni siya maghunahuna or maybe wala ni ni siya konsensya.

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"We may be surprised at the people we find in heaven. God has a soft spot for sinners. His standards are quite low"---Bishop Desmond Tutu


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