Wall Street Hedge Fund Ponzi scheme founder commits suicide.
Madoff investor found dead, possible suicide
Founder of hedge fund discovered dead at his Manhattan office
NEW YORK - The founder of an investment fund that lost millions with Bernard Madoff was found dead Tuesday at his Madison Avenue office of a possible suicide, authorities said.
Authorities found Rene-Thierry Magon de la Villehuchet at 7:50 a.m. with no pulse at his office of Access International Advisors, located on Madison Avenue a couple of blocks from Rockefeller Center.
A French newspaper is reporting that the 65-year-old de la Villehuchet committed suicide. The New York medical examiner spokeswoman says it has not determined the cause of death yet.
Madoff is accused of running a $50 billion Ponzi scheme that wiped out investors around the world, with big funds like de la Villehuchet's being especially hard hit.
His $1.4 billion fund specializes in managing hedged and structured investment portfolios. Access International Advisors was jointly founded by Patrick Littaye and de la Villehuchet. The hedge fund reportedly used intermediaries with links to the cream of Europe's high society and jet set to garner clients.
The former chairman and CEO of Credit Lyonnais Securities USA, de la Villehuchet was known as a keen sailor who regularly participated in regattas.