Tuesday, December 23, 2008

Victim of Madoff Scandal "Thierry Magon de La Villehuchet" Found Dead


The latest victim of the huge Bernard Madoff scandal is French executive Thierry Magon de La Villehuchet, who was found dead in his Manhatten office today by police. He died of an apparent suicide, and was pronounced dead at 8 a.m EST.

De la Villehuchet, who was 65, co-founded Access International Advisors, which had invested $1.4 billion with Madoff. De la Villehuchet was also the CEO of the company, and was attempting to recoup some of the losses inflicted by Madoff on behalf of his investors.

Bernard Madoff, who ran the Ponzi scheme that may have resulted in losses of up to $50 billion, is now under house arrest at his New York apartment.