Tuesday, December 23, 2008

Death of De la Villehuchet

Rene-Thierry Magon de la Villehuchet was sitting at his desk at about 8 a.m. with both wrists slashed. A box cutter was found on the floor along with a bottle of sleeping pills on his desk. No suicide note.
De la Villehuchet was one of several money managers and investors left reeling in the wake of Madoff's alleged $50 billion Ponzi scheme.
In his 65, De la Villehuchet, was a distinguished financier: he came from a long line of aristocratic Frenchmen. He tapped his connections in the world of European high society to attract clients to his firm, Access International Advisors.
He grew increasingly subdued after the Madoff scandal broke, arousing suspicion among janitors in his Madison Avenue office tower Monday, Dec. 22 night. Then, he demanded that they be out of there by 7 p.m. Less than 13 hours later, de la Villehuchet was dead...
The swindled investors began looking for ways to recoup their losses. Funds that lost big to Madoff are also coming up against investor lawsuits.
De la Villehuchet comes from rich French lineage, referring to one of France's most powerful families. The Magon name is listed on the Arc de Triomphe in Paris. It is a world-famous monument that was commissioned by Napoleon in 1806.
The Frenchman's firm enlisted intermediaries with links to upper-crust Europeans to garner investors Philippe Junot, the former husband of Princess Caroline of Monaco, and Prince Michel of Yugoslavia.
De la Villehuchet was the former chairman and CEO of Credit Lyonnais Securities USA.
He lived in an affluent suburb in Westchester County with his wife.
Friends say that he was a very honorable man, he was extraordinarily generous, he was an aristocrat but not a snob - he was a real person.

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