CNBC and Bloomberg are reposting that one of Bernard Madoff's investors, Theirry Magon de la Villehuchet, has commited suicide in his Madison Ave office. de la Villehuchet had invested all of his and his clients money, up to $1.4 billion dollars with Madoff's firm. This is the first death associated with this scandal however it is not likly the last. Mr. Madoff lost the life savings of thousdands of indivduals and billions for other big investors.
As always if it is too good to be true, it probably is. As we all wake up from our dream of something for nothing, many are going to be unable to cope with the reality of where we stand individually, and as a people. Remember its only money and there is always an option aside from death...unless your an overly leveraged hedge fund manager who's put all his eggs in one basket.
Happy Holidays to all!
