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Son Charged With Murdering Investment Fund Founder

© East News / Suffolk County District Attorney's officeThomas Gilbert Jr., after his arrest on Sept. 18, 2014
Thomas Gilbert Jr., after his arrest on Sept. 18, 2014 - Sputnik International
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Police sources say that a prospective cut in his allowance was the motivation for the killing.

MOSCOW, January 6 (Sputnik) – Police have announced that Tommy Gilbert has been charged with homicide and the criminal possession of a weapon, for the murder of his father, hedge fund manager Thomas Gilbert, ABC News reports. Gilbert was found murdered in his apartment on Sunday night.

"The gun was resting on his chest with his left hand covering it," NYPD Chief of Investigations Robert Boyce told ABC, describing how Gilbert was found by his wife. The suspect had set up a "staged crime scene," according to the detective, which was made to look like a suicide.

The New York Post reports that Thomas Gilbert Jr., 30, shot his father after finding out that his allowance would be cut by $200 a month to $400, an amount his father was providing him with in addition to the $2,400 in rent he was paying for his apartment. According to the report, Gilbert Jr. asked his mother to go out and fetch him a sandwich, before allegedly killing his father with a semi-automatic pistol. Shelly Gilbert, the victim’s wife, called 911 after finding the body and is reported to have said, "My husband’s been shot by my son."

Pistol with ammunition - Sputnik International
Hedge Fund Founder Found Dead in NY, His Son in Police Custody: Reports
A neighbor of Gilbert Sr., fellow financier Hector Torres, told the Post that the fund manager was a well-respected member of the community. "He was a pillar on Wall Street — somebody everyone looked up to," Torres said. "Very nice gentleman… They seem like a normal family. Every time I saw him in the elevator, he would say, 'Hi.' He would ask how I was."

Thomas Gilbert Sr., 70, a graduate of Harvard Business School and Princeton, founded Wainscott’s Capital Management in 2011, having spent decades working on Wall Street. According to a Bloomberg source, the hedge fund reported assets of $7.3 million through November, and focuses on biotechnology and health-care investments.

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