Tuesday, 4 August 2015
Last updated 15 hours ago
Aug 6 2012 | 11:23am ET
The son of Welch Capital Partners founder Leighton Welch has been charged with drunk-driving in a four-wheeler accident that killed his prep. school roommate.
James Welch is accused of negligent vehicular homicide under the influence of alcohol. The accident occurred on Thursday night at Montana's Yellowstone Club resort, where Welch was vacationing with his family and Parker Regan.
Welch was arrested at about 11:50 p.m. on Aug. 2, telling the Montana Highway Patrol that Regan, the son of Chartis Group co-founder R. Christopher Regan and the grandson of former March & McLennan CEO John Regan, fell out of the all-terrain vehicle he was driving while he was making a left. But police say that Welch smelled of alcohol and had watery and bloodshot eyes—and bloody clothes. Welch refused to submit to either a breath or blood test, although police later got the latter after obtaining a warrant.
It's the second time this year Welch has faced charges of drunk driving; he was convicted of the crime on April 17, according to an affidavit, although it is unclear where that crime occurred.
Welch and Regan were roommates at Connecticut's Suffield Academy.
Welch was freed on $50,000 bail on Friday evening.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…