Tobias Brothers Retract Reported Retraction

Jun 17 2008 | 2:00am ET

When is a retraction not a retraction?

Despite reports that Circle T Partners founder Seth Tobias’ brothers would drop their claims that he was murdered by his wife, their lawyer made clear yesterday that Sam and Spence Tobias still believe Filomena Tobias has blood on her hands.

“I would not say that the Tobiases don’t believe that she killed him,” James Pressly told the Palm Beach Post. “There will be no retraction of the allegations.”

Pressly characterized the nature of the settlement—under which Filomena Tobias will share part of Tobias’ estimated $25 million estate—as a purely pragmatic decision on the part of Tobias’ brothers.

An attorney for Filomena Tobias would not comment on comments made by her sister, insisting that she struck a deal contingent on a withdrawal of the murder allegations. Nancy Antoloni, the sister, said that the settlement would include “a full retraction.”

Tobias 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.

A Palm Beach County, Fla., judge is set to rule on the settlement on Thursday. Both sides have requested the details remain confidential, though Judge Richard Oftedal has indicated he may have to make it part of the court record.

If the settlement is approved, the two sides are expected to issue a joint press release.

RELATED STORIES

Tobias Brothers Drop Murder Claim In Settlement
Hedge Fund Manager’s Widow Settles With His Family
No Charges In Tobias Death
Hedge Fund Manager's Widow Escapes Charges
Tobias Had Cocaine, Sleeping Pills In System
Tobias Aide Passes Lie Test
Attorney To Assure Tobias Case Gets Top Billing
Assistant Claims Wife Killed Circle T Partners Founder
Hedge Fund Honcho Found Dead In Swimming Pool


In Depth

Q&A: Reg A+ Will Transform the Alternative Asset Landscape

Jul 7 2015 | 4:03pm ET

In addition to easing capital formation for small companies, Regulation A+ has enormous...

Lifestyle

Hedgies Set to Compete in Wall Street Decathlon

Jun 8 2015 | 12:37am ET

The Wall Street Decathlon — a 10-event physical challenge that will crown “Wall...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note