Wednesday, 23 July 2014
Last updated 13 min ago
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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…