Saturday, 23 August 2014
Last updated 18 hours ago
Jun 16 2008 | 2:20pm ET
Two brothers of Seth Tobias formally announced that they would drop their allegation that Tobias was murdered by his wife as part of a settlement divvying up his estimated $25 million estate.
Details of the settlement were not revealed during a brief hearing this morning in the Palm Beach Gardens, Fla., courthouse where the estate trial was set to begin. At another hearing on Thursday, the settlement will be presented to a judge for approval. A joint press release is to be released as part of the deal.
Neither the Tobias brothers nor Seth Tobias’ widow, Filomena, were in court this morning.
“There is neither a winner or a loser, but both sides are satisfied,” the brothers’ attorney, James Pressly, said, according to the Palm Beach Post.
Tobias, the founder of Circle T Partners, was found dead in his pool in September 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, William Ash, claimed that Filomena Tobias had murdered her husband and confessed to him her crime.
But police were unimpressed by Ash’s story—and inability to get Filomena Tobias to repeat her confession on tape—and in February announced that no charges would be filed against her.
“Phyllis certainly is relieved,” attorney Jay Jacknin said of Filomena Tobias. “She needs to heal and readjust her life and put this behind her.”
Jacknin is also Filomena Tobias’ third ex-husband.
Aug 4 2014 | 7:42am ET
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The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note