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L'Oreal heiress joins list of Madoff victims Rosie Lavan Liliane Bettencourt, the world’s wealthiest woman and heiress to the L'Oreal empire, entrusted part of her $22.9 billion (£15.5 billion) fortune to Bernard Madoff through the fund manager found dead in New York yesterday. Ms Bettencourt, the daughter of L’Oreal founder Eugene Schueller, was the first investor in a fund managed by Access International Advisors. Thierry Magon de la Villehuchet, the co-founder and chief executive of Access International, was found dead in his office in New York yesterday. It appears that he committed suicide. Mr Villehuchet was said to be "devastated"...

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Rene-Thierry Magon de la Villehuchet, a founder of the hedge fund Access International Advisors, was found dead early Tuesday in his office in Manhattan, the French business daily La Tribune reported on its Web site, after losing as much as $1.4 billion that had been invested with Bernard L. Madoff, the money manager accused of running a $50 billion Ponzi scheme. Mr. de la Villehuchet, 65, committed suicide, La Tribune said, citing a someone close to Mr. de la Villehuchet. Mr. de la Villehuchet had been trying to recover the money that Access International raised in Europe and invested through...

The founder of a hedge fund that invested more than $1 billion with Bernard Madoff has been found dead at his Manhattan office. A source told NBC News Tuesday afternoon that Rene-Thierry Magon de la Villehuchet slit his wrists with a boxcutter and bled to death. He was sitting at the desk in his office at 509 Madison Ave., and sleeping pills were found nearby, the source said. de la Villehuchet was despondent after having lost as much as $1.4 billion in Madoff's alleged Ponzi scheme, according to a French business newspaper, which quoted a family member of de la...

NEW YORK – The founder of an investment fund that lost $1.4 billion with Bernard Madoff was discovered dead Tuesday after committing suicide at his Manhattan office, marking a grim turn in a scandal that has left investors around the world in financial ruin. Rene-Thierry Magon de la Villehuchet, 65, was found sitting at his desk at about 8 a.m. with both wrists slashed, NYPD spokesman Paul Browne said. A box cutter was found on the floor along with a bottle of sleeping pills on his desk. No suicide note was found. De la Villehuchet was one of several fund...