A hedge fund manager who lost billions of his clients’ money to Bernie Madoff’s Ponzi scheme leaped to his death from the luxury Sofitel hotel in midtown Manhattan, say police.
Charles W. Murphy, 56, was wearing a dark business suit say witnesses when he plunged to his death from the 24th floor of the 45 W. 44th St. building around 4:42pm on Monday.
He dropped 20 floors before hitting a fourth floor terrace, said police. He died at the scene.
Murphy’s hedge fund had invested $7billion with Madoff, and had lost about $50billion worth of clients’ money, says the New York Post.
Charles Murphy, above with wife Annabella, is reported to have committed suicide by jumping off the 24th floor of the Sofitel hotel in Manhattan on Monday afternoon
Murphy, said to be wearing a dark business suit, jumped from the 24th floor of the Sofitel hotel in midtown Manhattan
Murphy landed on a terrace four stories above the street; medics had a difficult reaching him
Originally, medics had a difficult time getting to his body but finally did, said the New York Post.
While a motive for suicide has not been determined, Murphy’s hedge fund, Fairfield Greenwich Group is involved with several lawsuits and settlements over the Madoff fiasco.
In December, Fairfield Greenwich settled a class action suit for $80.2million, according to a website for the victims.
Murphy was a Partner and Member of the Executive Committee. The group’s Fairfield Sentry Fund was said to be Madoff’s biggest feeder fund.
Murphy’s limestone townhouse on 67th street is still on the market, a year after it was listed – and the second time he’s tried to offload it
He was also a research analyst at Morgan Stanley, and was cohead of the European financial institutions group at Credit Suisse, according to Bloomberg. He graduated from Harvard Law School and MIT Sloan School of Management.
In 2007, Murphy bought the East 67th Street townhouse of Matthew Bronfman for $33 million. He was married to Annabella Murphy.
Murphy reportedly tried to off-load the limestone gem, built in 1899, during the Madoff crisis but found no takers. He listed it again in 2016 for $50million, according to The Real Deal.
It is now on the market for $36million, listed with Corcoran. It’s described as being 11,550 square feet with roof terrace with views of Central Park, a private staff quarters, a gym, a wine cellar, and elevator and a Crestron Total Home Technology system.
Rooms at the Sofitel begin at $150 a night, and the hotel is popular with celebrities, VIPs, and tourists.
In 2011, the hotel made headlines around the world when French politician and head of the IMF, Dominique Strauss-Kahn, was accused of raping a maid in the Sofitel.
Three months later, all charges were dismissed. In 2012, he settled a lawsuit with the maid.
The hedge fund manager was pronounced dead on the scene, police say they don’t suspect foul play
Medics had a difficult time getting to the exec’s body on the fourth floor, he jumped from the 24th, say police
The Sofitel is a luxury hotel popular with the rich and famous, but also regular tourists; it’s almost infamous for where IMF head Dominique Strauss-Kahn was accused of raping a maid
The man plummeted 20 floors before landing on a fourth floor terrace, say police