Executive Leaps To His Death – Lost Millions In Bernie Madoff’s Infamous Ponzi Scheme

Charles Murphy, Annabella Murphy==
Museum of the City of New York Winter Ball==
Cipriani 42nd Street, NYC==
February 23, 2017==
©Patrick McMullan==
Photo – Sylvain Gaboury/PMC==
==

New York Post   by Joe Marino and Carleton English   Tues., Mar.28, 2017

A hedge-fund executive who lost millions in Bernie Madoff’s (pic inset on bottom right) infamous Ponzi scheme jumped to his death from the luxury Sofitel New York Hotel on Monday afternoon, authorities said.

Charles Murphy, 56, whose fund at Fairfield Greenwich invested more than $7 billion with Madoff, leaped from a room he had rented on the 24th floor around 4:42 p.m. and landed on a fourth-floor terrace, according to police sources.

The financier was at the helm of the prestigious hedge fund when the firm poured billions into Madoff’s coffers.

Fairfield lost nearly $50 million when Madoff’s scam imploded, according to the Wall Street Journal (paywall).

The investors filed a class-action lawsuit and the company agreed to be part of an $80 million settlement.

Murphy owned a multimillion-dollar limestone townhouse in the heart of Lenox Hill with eight bedrooms, 11 fireplaces and two elliptical staircases, according to The Real Deal.

Murphy purchased the building on East 67th Street from Seagram heir Matthew Bronfman for $33 million in 2007. The house was previously owned by The Foundation for Depression and Manic Depression.

A person who answered the door Monday night said the family was grieving.

A parking attendant at a nearby garage said Murphy’s wife, Annabella Murphy, crashed their Honda Odyssey last summer but could not afford to fix it. “She didn’t even have enough money to pay for the damage,” the attendant said.

Murphy had been serving as a partner with the investment management firm Paulson & Co. The head of the fund, John Paulson, released a statement Monday night calling Murphy “a brilliant man, a great partner and a true friend.”

The incident was reported at 4:42 p.m., when witnesses said the man jumped off a balcony. The impact of the landing shattered concrete tiles, and he could be seen lying in a business suit.

The tragedy was the third high-profile suicide connected to the Madoff Ponzi scheme.

Madoff’s eldest son, Mark, was found hanged in his Soho apartment in December 2010 — the second anniversary of his father’s arrest.

Two investors also killed themselves. William Foxton, a 65-year-old former Army major, committed suicide in 2009 due to the shame of going bankrupt.

Rene Thierry Magon De La Villehuchet, a French aristocrat, whose AIA Group had lost $1.5 billion, was found dead shortly after the scandal broke in 2008.

Source:  http://nypost.com/2017/03/27/man-leaps-to-death-from-sofitel-hotel/

About ron abbass

Because of my last name, there are some who might think I'm a Muslim. I'm an older student of the bible and I regard myself as Christian-other. That is, I was baptized in a Torah-keeping assembly. I'm one who tries his best to follow Yayshua, the Messiah (Christ) by keeping the commandments, the dietary laws, the weekly Sabbath and the annual Sabbaths (Holy Days) instituted and ordained by the great I AM, the Creator-God of Israel. I reject the holidays and festivals invented by the Roman church. Truth-seeking is my present passion. Presently, I do a lot of research into the World Wars, the mass media, the Holocaust, Zionism, Health Issues, 9/11 and the power brokers who are behind the New World Order that is gradually being established mainly in the Western Nations. Many prognosticators (prophets) both secular and religious are warning us that we are living "On the Eve of Destruction" - the last days. There's a very good chance a nuclear tsunami will eventually visit many nations. Peace and blessings to all who love the truth and hate the lies.
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