Tuesday, 22 July 2014
Last updated 11 min ago
Feb 11 2008 | 4:46pm ET
No charges will be filed in the death of hedge fund manager Seth Tobias, the Palm Beach County State Attorney’s office said today.
In a letter to Jupiter, Fla., police, prosecutors said there was no indication of foul play in the Circle T Partners founder’s September drowning.
“Based upon the evidence available at this time, including the autopsy and toxicology reports, there is no indication of criminality in the death of Mr. Tobias,” Assistant State Attorney Mary Ann Douglas wrote. Jupiter police added that the case is now closed.
Tobias was found dead in his pool over Labor Day weekend with alcohol and drugs in his system. As lurid details about the hedge fund honcho’s private life emerged, a former personal assistant to Tobias and his wife, Filomena, claimed that she had murdered her husband and confessed to him her crime.
But a spokesman for the State Attorney said Billy Ash has “been completely discredited,” and that there is no evidence to back up his claims, which have been used by Tobias’ half-brothers, who are battling with Filomena over his $25 million fortune.
“People died all the time with alcohol and drugs in their system,” the spokesman, Mike Edmondson, told the Palm Beach Post.
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…