The Bernie Madoff victim list continues to grow as Charles Murphy committed suicide in Midtown Manhattan Monday evening.
Murphy, 56, who ran Fairfield Greenwich a hedge fund with more than $14 billion in assets under management in 2008 prior to the Madoff Ponzi scheme scandal imploding, was found on a fourth-floor terrace of the luxury Sofitel New York Hotel after taking a room on the 24th floor earlier in the day, police said.
Fairfield lost nearly $50 million when Madoff’s scam imploded. At the time of Madoff’s arrest in Dec. 2008, the firm reportedly had 48 percent of its capital tied to Madoff.
According to a report in the New York Post, Murphy and his wife Annabella had fallen on hard times as a parking attendant at a nearby garage said the wife crashed their Honda Odyssey last summer but could not afford to fix it. “She didn’t even have enough money to pay for the damage,” the attendant said.
Although Murphy was now a partner at John Paulson’s hedge fund, he could not afford his once opulent life style. The couple owned a multi-million dollar limestone town house in the heart of Lenox Hill with eight bedrooms, 11 fireplaces and two elliptical staircases, which they bought for $33 million in 2007.
Murphy joins the list of Madoff victim’s deaths including:
- His son Mark, who hanged himself in his home two years after his father’s arrest.
- Rene Thierry Magon De La Villehuchet, a French aristocrat, whose AIA Group had lost $1.5 billion, was found dead shortly after the scandal broke in 2008.
- In October 2009, Jeffry Picower was found dead in his Palm Beach swimming pool after drowning. The local coroner ruled it an accidental death.
- William Foxton, a 65-year-old former British Army major and member of the French Foreign Legion, committed suicide in early 2009 after losing a reportedly $50 billion.