Hedge Fund Founder Allegedly Killed By Adult Son After Allowance Cut Of $100

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The son of a Manhattan millionaire allegedly shot his father dead after finding out he’d be seeing a cut in his monthly financial support.

Thomas Gilbert Sr., 70, was the founder of the $200 million hedge fund Wainscott Capital Partners, according to the New York Daily News.

He paid thousands of dollars every month in rent for the Chelsea apartment where his 30-year-old son, Thomas Gilbert Jr., lived and gave him hundreds of dollars a week for spending money.

But Gilbert Jr., a graduate of Princeton University, recently discovered that his income would be diminished and that his parents would no longer be paying his rent.

Although reports vary, ABC News says that Gilbert Sr. reduced his son’s allowance by $100, cutting the $400 weekly payments down to $300.

Thomas Gilbert Jr. went to his parents’ Beekman Place apartment at about 3 pm on Sunday and asked his mother if he could speak with his father privately.

A source told the Post,

He asked her to get [him] a sandwich so she wouldn’t be there.

Gilbert Jr. then fatally shot his father in the head with a .40-caliber Glock semi-automatic pistol, police said.

NYPD Chief of Detectives Robert Boyce added that Gilbert Jr. put the weapon on his father’s chest with his left hand over it in an attempt to make it look like a suicide before leaving the apartment, the Daily News reports.

His mother called the police when she found her husband dead, telling them he’d been shot by her son.

It wasn’t until about 10:30 Sunday night when Gilbert Jr. surrendered at his own apartment, where police found two magazine clips and some ammunition.

He faces charges for murder and criminal possession of a weapon.

Read more: http://elitedaily.com/news/world/hedge-fund-founder-killed-by-son-allowance-cut/897343/

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