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$1bn victim of Madoff scam commits suicide in NY

Wednesday, 24 December 2008

A fund manager who lost more than $1bn of his clients' money in the Bernard Madoff scam has committed suicide at his Manhattan office.

Rene-Thierry Magon de la Villehuchet was found sitting at his desk at about 8am yesterday with both wrists slashed.

The 65-year-old artistrocratic Frenchman, who ran Access International Advisors, was one of several money managers and investors scammed by Mr Madoff's $50bn pyramid scheme.

He had used his connections in the world of European high society to attract clients to his firm.

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