Seth Tobias
Seth Tobias
Former hedge fund manager and CNBC commentator Seth Tobias allegedly drowned in his Jupiter, FL., pool in September. Tobias' wife has been accused of murdering her husband, while his brothers are the beneficiaries of a disputed will.
Tobias ran a $300 million hedge fund called Circle T out of offices near Palm Beach's Breaker's Hotel and was a commentator on CNBC's Kudlow & Company -- hosted by Larry Kudlow. Tobias was known to frequent a gay bar called Cupids in West Palm Beach.
Tobias made -- and spent -- millions of dollars a year. Outstanding expenses at the time of his death included $52,532 on his American Express Centurion Black Card, and his mortgage payment for one of his homes was $35,000 a month.
Tobias' brothers are the beneficiaries of his will and have accused Tobias' wife of one year -- who was seeking a divorce alleging Tobias had "an adulterous affair" and that he "gambled away tens of thousands of dollars and used other funds on illicit habits" -- of luring Tobias to take cocaine.
Tobias' wife reportedly confessed to murdering her husband, according to a tape from Bill Ash, a former Tobias assistant, who has been arrested at least 11 times on charges ranging from larceny to prostitution.
Tags: axp,
- cnbc |
- crime |
- hedge funds |
- inthenews |
- jim cramer |
- Seth Tobias |
- World News |
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