9.16.2009

more dead banker types

He seemed, in many ways, like a man from another time, a Gatsbyesque figure who glided through a world of old money, private clubs and pedigree horses, his family name emblazoned on Ivy League halls.

Then, in an instant, he was gone — his privileged life ended, by his own hand, with a single gunshot to the head.

No one can know exactly what Finn M. W. Caspersen, a prominent philanthropist and the heir to the Beneficial Corporation fortune, was thinking when he decided to take his life on Labor Day. Although Mr. Caspersen, 67, was battling kidney cancer, his suicide shocked his family and friends.

But Mr. Caspersen, a patron of Harvard and Princeton who gave away tens of millions of dollars to charity, apparently harbored a secret: He was suspected of dodging many millions in federal taxes. The authorities, it seemed, were closing in.

At the time of his death, investigators were building a case against Mr. Caspersen on suspicion of using secret offshore bank accounts to evade taxes.


read more @ cryptogon


BOSTON (Reuters) - James McDonald, a prominent adviser to wealthy families as chief executive of investment management group Rockefeller & Co, died in an apparent suicide, on Sunday, local authorities said on Tuesday.

McDonald, 56, was found with a single gunshot wound in his car near a strip mall in Dartmouth, Massachusetts on Sunday afternoon. Police are still investigating.

"The preliminary investigation concludes that this was an apparent suicide," said Gregg Miliote, a spokesman for Bristol County District Attorney Sam Sutter.

McDonald was credited with growing Rockefeller & Co, the New York-based family office established by oil tycoon John D. Rockefeller in 1882 to manage the dynasty's assets, into a broader investment management company with roughly $28 billion in assets.


read more @ reuters


No comments: