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- Statement on Cryptocurrencies and Initial Coin Offerings - SEC Chair Clayton
- Company Halts Initial Coin Offering Over SEC Registration Concerns
- Kevin O'Leary Explains One Big Thing People Don't Understand About Bitcoin (But Need To)
- CME Bitcoin Futures: A Better Way to Buy (or Short) Bitcoin?
- Address at ICI's 2017 Securities Law Developments Conference - SEC Commissioner Stein
- New York Pension Fund Seeks More Pay Disclosure from Wells Fargo
- Wells Fargo Sanctions Are on Ice Under Trump Official
- Josh Brown: Here's How to Buy Bitcoin, But Realize It Could Be One Giant Bubble
- Trump's New Tax Plan Could Cost Citigroup $20 Billion
- Morgan Stanley Fires Former Congressman Harold Ford Jr.
- Al Franken Will Resign Over Sexual Misconduct Allegations - His Full Resignation Speech
- Ex-NFL Player Gets 40 Years for Running $10Mn Fraud
- Bitcoin Blows Past $15K, Adding $2K in Under 12 Hours
- Financial Adviser Settles Charges for Defrauding Private Equity Fund Investors
- New Cross Market Equity Supervision Report Cards - FINRA Phone-In Workshop, WebEx Presentation
- Mueller Just Crossed Trump's Red Line, With Deutsche Bank Subpoena
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NEWSLETTERS & ALERTS
Hedge Fund Manager, Who Invested with Madoff, Commits Suicide
Charles Murphy’s hedge fund at Fairfield Greenwich had invested over $7 billion with Madoff when the Ponzi scheme was revealed in 2008. Fairfield fired Murphy in 2009 and eventually agreed to pay $125 million to settle a lawsuit related to the Madoff case.
More recently, Charles Murphy, 56, worked for Paulson & Co., helping to select insurance investments for the hedge fund. That is, until he jumped to his death Monday afternoon at New York’s Sofitel Hotel. It’s believed that financial issues may have factored into his apparent suicide – this despite the fact that Murphy and his second wife, Annabelle, lived in an Upper Eastside townhouse that Murphy purchased for $33 million.
In addition to his work with Paulson and Fairfield, Murphy also worked with Goldman Sachs, Morgan Stanley, Deutsche Bank and Credit Suisse.
[Click on Bloomberg News for more details on the personal life of Mr. Murphy.]