24 Dec 2008

French financier suicides in wake of US investment fraud

9:17 am on 24 December 2008

A French investment fund manager who was badly hit by the multi-billion dollar fraud by American Bernard Madoff has committed suicide in his New York office.

Thierry de la Villehuchet was the co-founder of a company that raised funds on European markets to plough into Bernard Madoff's investment scheme.

A French newspaper quotes his relatives as saying the 65-year-old could not cope with the pressure that followed the outbreak of the scandal. They said he had done nothing wrong and was trying to find a way to recoup his investors' money.