The first madoff suicide has been declared as stocks plunge and mortgage rates skyrocket. While not every financial story is about Bernard “Bernnie” Madoff we are certainly hearing a lot of them. What will be the fall out of madoff investor and fund manager Thierry Magon de La Villehuchet’s apparent suicide. Facing serious questions of his own involvement in the fraud and cover-up sixty-five year old La Villehuchet’s suicide seems like a cowardly way to go.
Maybe he was just another victim, maybe he was a party to Madoff’s Ponzi Scheme. We will likely never know now. Either way, there is no honor from simply killing yourself when you are involved with the defrauding of so many. While there are some that are no doubt happy about this, I would have preferred he have a public trial of his own. I want the tough questions asked by all involved and any found guilty to find out why they call it the pokey.
In the end the world may be denied dishing out its own form of justice, though with the legal system the way it is, I highly doubt he would have received adequate justice for any crimes he was found guilty of. La Villehuchet is dead by his own hand and likely won’t be the last to go that way.
