350:
portion of his money, but by 18 December, a week after Madoff's arrest, he realized that he and AIA were finished. He had no means to pay his employees, and there were rumours of criminal charges in Europe. A friend told him, "Your professional life is over." When it became apparent that the money was irretrievably lost, he chose to take his own life.
206:, a research analyst investment agency which specialized in managing hedged and structured investment portfolios that involve commercial physical and biological research. It had connections to wealthy and powerful aristocrats from Europe. Villehuchet's family had done business with many of these aristocrats and their ancestors for almost 300 years.
225:
reported on 2 January 2009 that the AIA funds had increased aggregate exposure to Madoff from 30% to 75% of a total US$ 3 billion assets in 2008, for a US$ 2.25 billion exposure. Investigators also identified a number of prominent investors who gave money to
Villehuchet that was tied to the
349:
The AIA Group had lost $ 1.5 billion, including
Villehuchet and Littaye's personal fortunes. Villehuchet had been warned months earlier that Madoff might be engaging in fraud, but dismissed the warning. After Madoff's Ponzi scheme imploded, he held some hope that he would be able to recover a
283:
Markopolos recalled that he developed an alternative product to Madoff for his then-employer, Rampart
Investment Management. In 2002, while touring Europe alongside de la Villehuchet to recruit potential investors, Markopolos recalled hearing managers from 14 separate funds claim that Madoff's
830:
772:
840:
257:, another French banker, and that Thierry had not known Madoff personally. "He had a true concept of capitalism", Bertrand Magon de la Villehuchet, 74, said of his brother, quoted in the
835:
264:
Bloomberg reported
Bertrand had invested 20% of his assets in an AIA/Madoff fund and also reported René-Thierry had founded Access in 1994 with Littaye. The two had met at
825:
815:
667:
573:
278:
845:
780:
820:
704:
369:
was found at the scene, his brother in France received a note shortly after his death in which he expressed remorse and a feeling of responsibility.
272:' accusations against Madoff in the years before the scandal broke, and said Madoff was "of course" exempted from the usual handwriting analysis (
214:
44:
586:
409:
261:. "He felt responsible and he felt guilty. Today, in the financial world, there is no responsibility; no one wants to shoulder the blame."
512:
466:
755:
210:
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231:
203:
144:
113:
671:
326:
Over the last two decades of his life, Villehuchet was renovating and organizing the archives of Le Chùteau de Plouër in
209:
Funds managed by
Villehuchet enlisted intermediaries with links to some of Europe's high society to garner clients. The
605:
353:
It was determined that
Villehuchet died by suicide on the night of 22 December. He locked himself in his office, took
642:
537:
343:
284:
investment advisory arm was "closed," but that their fund was the only source of new money for Madoffâa classic "
148:
234:, and Prince Michael of Yugoslavia, as partner and investor-relations executive, respectively, in the firm; and
285:
253:, Villehuchet's older brother Bertrand said his brother was connected to Madoff by Thierry's partner in AIA,
79:
805:
497:
297:
217:(SEC) do not believe Villehuchet was involved personally in the US$ 50 billion fraudulent financial
187:
In New York, Villehuchet was head of
Interfinance, a brokerage firm, before becoming chairman and CEO of
810:
800:
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578:
365:. According to reports, his arm was placed over a garbage pail, to avoid leaving a mess. Although no
305:
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17:
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243:
235:
136:
276:) which was among the due diligence efforts AIA made with its outside fund managers. In his book,
448:
188:
751:
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582:
192:
773:"Hedge fund founder Thierry de la Villehuchet kills self after losing $ 1B in Madoff scandal"
643:"Thierry Magon de la Villehuchet, Madoff Investor Who Committed Suicide, Lost Family Fortune"
568:
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43:
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358:
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227:
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794:
747:
414:
354:
172:
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83:
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238:, the world's wealthiest woman at the time (d. â 2017), the 86-year-old daughter of
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On 23 December 2008, Villehuchet was found dead in his company office on
316:
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in 1970. In
February 2009, Littaye denied having heard of whistleblower
265:
152:
94:
362:
61:
221:
which Madoff was arrested for masterminding, on 11 December 2008.
191:
Securities USA in 1987. He also contributed to the founding of
606:"Madoff Investor's Suicide Was an 'Act of Honor' Brother Says"
538:
498:"Biographie de Thierry Magon de La Villehuchet AIA Group"
410:"Thierry avait entraßné tous ses amis dans cette affaire"
467:"Le suicide pour l'honneur de Thierry de La Villehuchet"
195:, financial management firm established by financier
831:
People associated with the Madoff investment scandal
771:
Gendar, Alison; Feiden, Douglas (23 December 2008).
119:
108:
100:
90:
68:
50:
34:
147:(AIA Group), a company caught and subsumed in the
841:Suicides by sharp instrument in the United States
167:René-Thierry Magon de la Villehuchet was born in
143:, and businessman. He was one of the founders of
623:Zuckerman, Gregory, and David Gauthier-Villars,
155:after losing an estimated $ 1.4 billion in
135:(23 April 1943 â 22 December 2008) was a French
600:
598:
574:No One Would Listen: A True Financial Thriller
386:U.S. Public Records Index, 1950â1993, Volume 1
330:, Brittany, which he inherited from an uncle.
175:shipbuilders. In 1978, he earned his MBA from
342:in New York City - the first casualty of the
8:
744:Betrayal: The Life and Lies of Bernie Madoff
449:"Madoff Investor's Suicide Leaves Questions"
734:
732:
614:, 2 January 2009. Retrieved 3 January 2009.
492:
490:
465:Gröndahl, Marie-Pierre (30 December 2009).
397:U.S. Social Security Death Index, 1935â2014
836:Businesspeople from New Rochelle, New York
42:
31:
717:Bernie Madoff and the Scamming of America
563:
561:
559:
557:
500:(in French). Edubourse. 21 October 2021.
826:French expatriates in the United States
625:"A Lonely Lament From a Whistle-Blower"
551:, Manta.com. Retrieved 3 February 2016.
447:Berenson, Alex, and Matthew Saltmarsh,
443:
441:
439:
437:
435:
433:
378:
215:U.S. Securities and Exchange Commission
816:Drug-related suicides in New York City
549:Access International Advisors profile
408:Biseau, Grégoire (26 December 2008).
296:Thierry de la Villehuchet resided in
179:. He moved to New York City in 1982.
7:
846:20th-century American businesspeople
133:René-Thierry Magon de la Villehuchet
18:René-Thierry Magon de la Villehuchet
719:(2009). History Channel/Lionsgate,
821:20th-century French businesspeople
511:Faujas, Alain (25 December 2008).
25:
513:"Thierry Magon de La Villehuchet"
171:, into the Magon family, wealthy
123:Bertrand Magon de La Villehuchet
36:Thierry Magon de La Villehuchet
27:French businessman (1943â2008)
1:
693:Hallier L'edernel jeune homme
323:Bay Nautical Club in France.
204:Access International Advisors
145:Access International Advisors
114:Access International Advisors
631:. Retrieved 3 February 2016.
232:Princess Caroline of Monaco
862:
300:. He was also a member of
699:, Neva Ed., 2016, p. 15.
344:Madoff investment scandal
286:robbing Peter to pay Paul
149:Madoff investment scandal
41:
455:, 2 January 2009, p. B1.
629:The Wall Street Journal
80:New York City, New York
298:New Rochelle, New York
783:on 6 September 2012.
697:Jean-Pierre Thiollet
306:Larchmont Yacht Club
230:, former husband of
151:in 2008. He died by
361:his left wrist and
302:New York Yacht Club
279:No One Would Listen
236:Liliane Bettencourt
91:Cause of death
674:on 22 January 2009
453:The New York Times
251:The New York Times
202:Later, he founded
104:Investment manager
705:978 2 35055 217 0
668:"Company Address"
588:978-0-470-55373-2
569:Markopolos, Harry
193:Apollo Management
130:
129:
126:
16:(Redirected from
853:
785:
784:
779:. Archived from
768:
762:
761:
740:Kirtzman, Andrew
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727:
713:
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690:
684:
683:
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679:
670:. Archived from
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328:Plouër-sur-Rance
314:Shields sailboat
308:âa racer in the
270:Harry Markopolos
244:EugĂšne Schueller
226:Madoff scandal:
124:
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72:22 December 2008
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255:Patrick Littaye
189:Crédit Lyonnais
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641:Keller, Greg.
633:
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611:Bloomberg News
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389:
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355:sleeping pills
340:Madison Avenue
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293:
290:
228:Philippe Junot
223:Bloomberg News
184:
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109:Known for
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76:(aged 65)
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806:2008 suicides
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802:
799:
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782:
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777:NY Daily News
774:
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757:9780061870774
753:
749:
748:HarperCollins
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346:. He was 65.
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299:
292:Personal life
291:
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262:
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252:
249:According to
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141:money manager
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84:United States
81:
71:
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54:23 April 1943
53:
49:
45:
40:
33:
30:
19:
781:the original
776:
766:
743:
716:
711:
692:
688:
676:. Retrieved
672:the original
662:
650:. Retrieved
646:
636:
628:
619:
609:
604:Katz, Alan,
572:
544:
533:
521:. Retrieved
516:
506:
477:. Retrieved
470:
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452:
420:. Retrieved
413:
403:
396:
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385:
381:
367:suicide note
352:
348:
337:
325:
295:
288:" scenario.
277:
263:
258:
250:
248:
219:Ponzi scheme
208:
201:
186:
166:
132:
131:
74:(2008-12-22)
29:
811:2008 deaths
801:1943 births
678:28 December
519:(in French)
475:(in French)
472:Paris Match
418:(in French)
159:'s scheme.
112:Founder of
795:Categories
725:1422945235
652:6 February
415:Libération
373:References
274:graphology
197:Leon Black
169:Saint-Malo
163:Early life
137:aristocrat
101:Occupation
58:Saint-Malo
319:âand the
177:HEC Paris
125:(brother)
120:Relatives
742:(2009).
647:HuffPost
571:(2010).
517:Le Monde
321:St. Malo
242:founder
317:classes
266:Paribas
240:L'Oréal
153:suicide
95:Suicide
754:
723:
703:
585:
523:7 July
479:7 July
422:7 July
363:biceps
357:, and
304:, the
183:Career
173:Breton
157:Madoff
62:France
579:Wiley
334:Death
259:Times
752:ISBN
721:ISBN
715:See
701:ISBN
680:2008
654:2016
583:ISBN
525:2017
481:2017
424:2017
359:slit
312:and
310:Star
213:and
69:Died
51:Born
211:FBI
797::
775:.
750:.
746:.
731:^
695:,
645:.
627:,
608:,
597:^
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577:.
556:^
515:.
489:^
469:.
451:,
432:^
412:.
246:.
199:.
139:,
82:,
60:,
760:.
682:.
656:.
591:.
527:.
483:.
426:.
281:,
20:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
