One of the biggest investors in the Bernard Madoff Ponzi scheme has committed suicide. Rene-Thierry Magon de la Villehuchet, who invested nearly $1.5 billion of his clients money with Madoff, took his own life at his New York office.
De la Villehuchet (pronounced veel-ou-SHAY), was one of many people being questioned by investors for not properly vetting Bernard Madoff. Unlike most of the other fund managers, De la Villehuchet could trace his lineage to French aristocracy. De la Villehuchet yachted around the world, and kept close associations with the elite rich.
Rene-Thierry Magon de la Villehuchet’s death is the latest grim twist in the Bernard Maddoff Ponzi schcme story. The scandal seems all the more serious now that it has actual resulted in the loss of a human life.
The suicide also shines a little light on how serious of a financial hit this may have been to some of the more wealthy in the world. With the U.S. economy already in in a seemingly unrecoverable spiral, the Madoff scheme may push some of the most wealthy beyond the tipping point or financial recovery themselves.