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

Change In 'Accredited Investor' Definition Could Hurt Crowdfunding Space

Jul 25 2014 | 8:14am ET

The Securities and Exchange Commission is considering changes to its 30-year-old...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

The Truth About Track Record Portability

Jul 24 2014 | 5:55am ET

The number of private funds converting to mutual funds has increased significantly...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    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…

Publisher's Note