Mary Altaffer/AP
Members of the media stand outside 509
Madison Ave., where Rene-Thierry
Magon de la Villehuchet had an office.

CEO Dead in Presumed Madoff-Related Suicide

December 23, 2008 03:49 PM
by Josh Katz
The founder of an investment fund that fell victim to Bernard Madoff’s alleged Ponzi scheme was found dead in his office today from an apparent suicide.
Rene-Thierry Magon de la Villehuchet, 65, the founder and chief executive officer of an investment fund that lost millions it had invested in Bernard L. Madoff Investment Securities, was found dead at 7:50 a.m. this morning at his Access International Advisors office in Manhattan.

A spokeswoman for the New York Medical Examiner said that a cause of death is still undetermined, but a French newspaper claims that de la Villehuchet committed suicide, according to the Associated Press.

A source close to the investigation speaking on condition of anonymity said it seemed “highly likely” that he committed suicide, Reuters reports. Authorities indicate that “de la Villehuchet was found in his office with injuries to his arms, having apparently slit his wrists,” according to The New York Times DealBook.

De la Villehuchet served as chairman and CEO of the U.S. investment banking branch of the French bank Credit Lyonnais Securities USA before founding Access in 1994 with Patrick Littaye, Bloomberg writes. De la Villehuchet’s firm invested $1.4 billion with Madoff.

Madoff was arrested on Dec. 11 and is facing a securities fraud charge for an alleged $50 billion Ponzi scheme at his investment firm, Bernard L. Madoff Investment Securities.

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