Assistant Says Circle T’s Tobias Was Murdered

Oct 18 2007 | 8:04am ET

Six weeks after the founder of hedge fund Circle T Partners was found dead in his swimming pool, his assistant claims that he has evidence that Seth Tobias was murdered.

Bill Ash told CNBC that he has taped proof that Tobias was murdered. He added that he has been working with police, and Jupiter, Fla., authorities confirmed that he had been interviewed as part of their investigation.

“I think I’m doing more for Seth than anyone as far as trying to right a wrong,” he told the cable business network.

The 44-year-old Tobias was found dead in the pool of his mansion near Palm Beach, Fla., on Sept. 4. His brother, Spence Tobias, said at the time that the family has a history of heart disease, and he believed that Seth was the victim of a heart attack. But six weeks after his body was found, investigators are still awaiting toxicology reports. Though the death has not been classified as suspicious, Jupiter police Sergeant Scott Pascarella said at the time, “It’s not common for someone that age to just die.”

While police met with Ash at his San Diego home after he came forward, they are taking his claims with a grain of salt, telling CNBC he has been arrested for prostitution and writing bad checks.

Meanwhile, the $80-million fund run by Tobias is being wound down and money returned to investors. Two other Circle T funds run by other partners remain in tact.


In Depth

Why Ponzi Schemes Work: An In-Depth Look At The Allen Stanford Fraud

Dec 21 2014 | 10:30am ET

Texan Allen Stanford first appeared on the radars of financial regulators in 1997...

Lifestyle

Hedgie Funds US Squash Program

Dec 24 2014 | 8:46am ET

Squash, anyone?

Guest Contributor

EidoSearch’s Top Three Market Projections For 2015

Dec 23 2014 | 4:03am ET

It is that time of year again when prognosticators make their big market calls for...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.