Bernie Madoff Connected To Gifted Hedge Funder’s Suicide

Charles Murphy is now the fourth person believed to have committed suicide who was connected to Bernie Madoff, the man who infamously ran a Ponzi scheme stealing millions from people back in 2008.

Madoff is now serving 150 years in prison and his own son Mark hanged himself in 2010.

According to reports, Murphy jumped to his death at the Sofitel building in New York. He plunged from a room on the 24th floor and landed on a fourth-floor terrace. Authorities have called it an apparent suicide.

Murphy’s Fairfield Greenwich fund had invested more than $7 billion with Madoff before his Ponzi scheme was revealed. Fairfield eventually agreed to pay $125 million to settle a lawsuit related to the Madoff case, according to The Wall Street Journal.

The 56-year old most recently worked with hedge fund heavyweight John Paulson at Paulson & Co.,

“We are extremely saddened by this news. Charles was an extremely gifted and brilliant man, a great partner and a true friend,” Paulson said in a statement. “Our deepest prayers are with his family.”