Hedge fund executive, 56, who invested billions with Bernie Madoff, leaps to his death from 24th story of New York's luxury Sofitel hotel Charles W. Murphy plunged to his death in midtown Manhattan on Monday Witnesses said he was wearing a dark business suit when he jumped The 56-year-old plummeted 20 floors before he landed on a 4th floor terrace Murphy used to be an executive with Fairfield Greenwich Group - Madoff's biggest feeder fund with $7bn of clients' money invested He's the fourth person connected to Madoff to commit suicide
Mena: $7 billion is a lot of money for an hedge fund manager to lose even if it is not their fault. losing that kind of money means many rich people who use to enjoy their free time by having their money work for them are going now to have to find a 9 to 5 job because they are poor now. City employees will not be able to retire with a good pension.
I have never been rich sometime I dont feel good because i dont have control over my financial life. A rich person who have never work a 9 to 5 job in their life, live in a rich neighborhood, shop in luxury stores and go on vacation every three months will become very depress to lose all their fortune and have to live a poor working person life.
Hedge fund manager Charles Murphy probably committed suicide because he was a shame to lose all his clients money and because he felt bad losing his friends, family members and his reputation because he lost their money also.
Hedge Fund manager Charles Murphy could also have been suicided because New York city is full of tough people who migrated to the USA from Sicily and Russia. Those people may never forgive somebody who have lost their fortune in a Ponzi scheme.
Charles Murphy, above with his second wife Annabella, is reported to have committed suicide by jumping off the 24th floor of the Sofitel hotel in Manhattan on Monday afternoon
The father-of-two financier plummeted 20 floors before hitting a fourth floor terrace. The former hedge fund he ran, Fairfield Greenwich, poured $7billion into Madoff's ponzi scheme before it was uncovered in 2008
The pair, pictured on a dinner date, got engaged in 2003. A report says that Mrs Murphy crashed her car last summer, but could not afford to get it repaired
Murphy, said to be wearing a dark business suit, jumped from the 24th floor of the Sofitel hotel in midtown Manhattan
Murphy's hedge fund, Fairfield Greenwich, was Bernard L. Madoff's biggest feeder fund and lost $7billion of clients' money. The disgraced financier is seen leaving federal court in New York in 2009
Narmerthoth Member # 20259
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One less slime ball in the world. ~300M more to go.
A Habsburg Agenda Member # 21824
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The purpose of the SEC and all the other agencies who are supposed to monitor and supervise financial institutions is actually to help them rob people.
The fact that Madoff was a crook was so obvious to everyone, except the SEC of course. They were given warning after warning after warning and still managed to do nothing. All people who think government agencies look out for them should think again.
Narmerthoth Member # 20259
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^ SEC is comprised of a bunch of slimy Jew Lawyers. Do you expect an entity comprised of the most corrupt group in the world to be incorruptible?
The ONLY reason Madoff was tried, convicted and went to jail is because he stole from his fellow Jews. Had he just stuck with stealing from Gentiles and blacks he'd still be a free man. He wouldn't have been able to steal tens of billions, but he wouldn't have been convicted.
FYI: Madoff is the former Chairman of the NASDAQ stock market.
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