The official body count for the infamous Bernie Madoff ponzi scheme rises to four!
Former hedge fund manager who lost billions with Bernie Madoff, decided to end it all, Monday afternoon at one of New York’s ritziest hotels
56-year-old financier, Charles W. Murphy, a father-of-two, leapt to his death from the 24th story of New York City’s Sofitel hotel
Murphy was formerly head of hedge fund , Fairfield Greenwich, Bernard L. Madoff’s biggest feeder fund, took the plunge in midtown Manhattan on Monday
Fairfield Greenwich invested $7 billion into Madoff’s ponzi scheme before it was uncovered in 2008
Witnesses said the, 56-year-old financier was wearing a dark business suit when he jumped landing 20 floors below on a 4th floor terrace
He’s the fourth person connected to Madoff to commit suicide
A one time Wall street darling whose hedge fund lost billions of his clients’ money to Bernie Madoff’s Ponzi scheme leaped to his death from the luxury Sofitel hotel in midtown Manhattan, say police.
Charles W. Murphy, 56, [photo], was wearing a dark business suit reportedly, when he plunged to his death from the 24th floor of the 45 W. 44th St. building around 4:42pm on Monday
Charles Murphy, above with his second wife Annabella and their two kids is reported to have committed suicide by jumping off the 24th floor of the Sofitel hotel in Manhattan on Monday afternoon
Murphy’s former hedge fund, Fairfield Greenwich Group. He lost billions of his clients’ money to Bernie Madoff’s Ponzi scheme.
When he leapt from the 24th floor of the luxury Sofitel hotel in midtown Manhattan, he dropped 20 floors before hitting a fourth floor terrace, said police. He died at the scene.
When EMTs arrived, they had a difficult time getting to his body on the fourth floor terrace. While a motive for suicide has not been determined, Murphy’s hedge fund, Fairfield Greenwich Group is involved with several lawsuits and settlements over the Madoff fiasco.
another fiasco in the annals of New York’s Sofitel, which became notorious in 2011 when then-IMF chief, french man Dominique Strauss Khan was accused of raping a chamber maid.
Charles Murphy and wife Annabella hit the social circuit. Hiding behind the ever present smile was a very dark bag of disillusionment, and a string of lawsuits.
Murphy’s hedge fund, Fairfield Greenwich, was Bernard L. Madoff’s biggest feeder fund and lost $7 billion of clients’ money. The disgraced financier is seen leaving federal court in New York in 2009. Madoff is serving sentencing to 70 years after admitting to operating a $50 billion (£31bn) pyramid scam.
Murphy was renting a room at the time, even though he owns a super luxurious 11,500 sqft townhouse just 20 blocks away on the Upper East Side.
When he died he was working with Paulson & Co., another New York hedge fund, whose
founder Paul Johnson, released a statement on Monday night: ‘We are extremely saddened by this news. Charles was an extremely gifted and brilliant man, a great partner and a true friend.’
EMTs had a hard time getting to the body of Charles Murphy on the fourth floor terrace after he fell 20 stories from the 24th floor of the Sofitel hotel in New York City, Monday afternoon
Murphy was a Partner and Member of the Executive Committee at Fairfield Greenwich which in December 2013, settled a class action suit for $80.2million. They were sued for failing to protect investor assets. The settlement affected 3,000 investors.
The group’s Fairfield Sentry Fund was the Madoff’s biggest feeder fund.
Up until the scandal, the fund’s 15-year relationship with Madoff ostensibly operated with a yield of more than 11 percent interest, annually.
Murphy seen on the right with his second wife Annabella,was aid to be wearing a dark business suit, jumped from the 24th floor of the Sofitel hotel [left], in midtown Manhattan
The first two victims of the Madoff scam French man Rene Thierry Magon De La Villehuchet [left], died in 2008. Retired Major William Foxton [right], shot himself in 2009
Murphy is now the fourth person who was affected by the Madoff scandal to commit suicide. French aristocrat Rene Thierry Magon De La Villehuchet was found dead in 2008 just after the news broke.
Ex-U.S. Army major William Foxton killed himself a year later. On 10 Feb. 2009 Bill Foxton, 65, was found in a park in Southampton, UK the retired soldier tragically shot himself in the head after losing his life savings in the Bernard Madoff investment scandal. Foxton, who had placed nearly $1.25 million [£1m] in two hedge funds which had in turn invested the money with Madoff.
He left suicide notes referring to his losses.
Third victim of the Madoff mega-billion ponzi scam was Bernard Madoff’s second son Mark seen [right], with his parents Bernard and Ruth Madoff in November 2001. Mark hanged himself in his New York apartment in December, 2010.
Eerily similar: The body of Mark Madoff being removed by EMTs after the 46-year-old hanged himself in his New York apt on Dec 11, 2010.
Chris Murphy was renting at the Sofitel just 20 blocks away from his $36 million home [photo] on 67th street NY which is still listed on the market, a year later.
On the day Madoff was taken into federal custody in 2008, he was working with Fairfield to set up a new fund. The Koch brothers, Charles and David, moved $2 billion overseas that they managed to make from Madoff before his scheme collapsed.
Most of that involved transfers from funds that were operated by Fairfield Greenwich Group. Smaller investors were not spared either. Just like major Foxton, after Madoff’s arrest, the town of Fairfield, Connecticut, lost a reported $42 million of its pension plan for police, fire fighters and local government employees on Madoff investments.
Dec 2010: Mark Madoff is loaded into the wagon by NY EMTs. he hung himself on the second anniversary of the uncovering of his father’s decades-long madcap scheme
Reprise Mar 2017: Charles Murphy is loaded into the wagon by New York EMTs. Murphy’s hedge fund lost his client’s $7bn to Bernie Madoff’s pyramid fraud
Murphy was previously a research analyst at Morgan Stanley, and was co-head of the European financial institutions group at Credit Suisse.
He graduated from Harvard Law School and MIT Sloan School of Management.
In 2007, Murphy bought the East 67th Street townhouse of Matthew Bronfman for $33 million. He was married to Annabella Murphy, his second wife., is said to have fallen on hard times.
Murphy reportedly tried unsuccessfully, to sell his NY city townhome during the Madoff crisis. The11,550 sqft mansion is still on the market for $36.5 million, down from the 2016 listing of $50 million.