I can only wonder if this will be the last. The loss of $50 billion is a shocking figure and Access International Advisors apparently lost $1.4 billion. It still amazes me that on Wall Street there has been so few cases like this considering the massive hemorrhaging of billions. No real firings without golden parachutes or significant pain other than maybe 50% bonus cuts which is laughably high compared to the misery in the rest of the country. Heck, we haven't even seen any firings at the SEC or Treasury who were supposed to be keeping an eye on the system. Maybe it will be a bit better under Obama but I'm losing hope on any big change or acceptance of responsibility for bad decisions there as well.
Rene-Thierry Magon de la Villehuchet, a founder of the hedge fund Access International Advisors, was found dead early Tuesday in his office in Manhattan, the French business daily La Tribune reported on its Web site, after losing as much as $1.4 billion that had been invested with Bernard L. Madoff, the money manager accused of running a $50 billion Ponzi scheme. Mr. de la Villehuchet, 65, committed suicide, La Tribune said, citing a someone close to Mr. de la Villehuchet.
Mr. de la Villehuchet had been trying to recover the money that Access International raised in Europe and invested through Mr. Madoff’s business, La Tribune reported.
