Madoff Investor's Suicide Was An "Act Of Honor", Brother Says

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Thierry Magon de La Villehuchet's sense of honor led the descendent of French army officers and an ennobled shipping family to commit suicide after he put his friends and family in a "catastrophic" financial situation by investing with Bernard Madoff, his brother said.

Villehuchet, 65, chief executive officer of Access International Advisors, believed that he had lost all of the funds invested with Madoff's eponymous investment firm, including the $1.4 billion LUXALPHA SICAV-American Selection managed by Access, Bertrand Magon de la Villehuchet said in an interview.

Read the whole story at Bloomberg