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

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Saxby: Not All EBITDA Is Created Equal

Nov 30 2017 | 8:02pm ET

Record levels of dry powder are driving competition among private equity firms to...