Madoff fraud losses led to suicide, inquest told
Friday 12 June 2009
A former soldier shot himself in the head because he could not face the shame of going bankrupt after becoming a victim of the multibillion-dollar Bernard Madoff fraud, an inquest heard.
William Foxton, 65, was found with gunshot wounds to his head in a park next to the magistrates' court in Southampton on 10 February. His body was found on a bench with a 9mm Browning pistol in his lap.
Detective Sergeant Paul Gelman said a suicide note was found at his home explaining why he wanted to take his own life, while another was found on his body saying how he came to be in possession of the gun. His son, Willard, said his father's life savings had been invested in two hedge funds, which invested the money in the Madoff hedge funds.
"He [Mr Foxton] was brought low by the greed of Bernie Madoff," he added. Madoff, 71, is awaiting sentence in New York this month after admitting 11 charges in connection with what is believed to be the world's biggest fraud case.
The Southampton coroner recorded a verdict of suicide.
The food poverty scandal that shames Britain: Nearly 1m people rely on handouts to eat – and benefit reforms may be to blame
US Navy christens huge $3 billion destroyer ship USS Zumwalt that appears as a fishing boat on enemy radar
Nigel Farage fatigue? Half of voters ‘immune’ to Ukip’s appeal
Scottish independence: It is the English who should be on their knees, begging the Scots to vote ‘No’
Nigel Farage on Have I Got News For You: Ukip leader ridiculed over expenses and party 'fruitcakes'
Refugee facing deportation from Sweden saved by fellow passengers refusing to let plane leave
- 1 Poveglia: 'World's most haunted island' up for auction...is anyone brave enough to buy it?
- 2 Refugee facing deportation from Sweden saved by fellow passengers refusing to let plane leave
- 3 Naked yoga: the bare truth - it's already big in the US, and has now landed here
- 4 24 people applied for the 'world's toughest job', here are their interviews
- 5 Scientists warn we've hit 'peak beard': The more people grow facial hair, the less attractive it is
£26K-30k + Bonus, Private Medical Insurance, Company Pension: Charter Selectio...
£25K-28k + Bonus, Private Medical Insurance, Company Pension: Charter Selectio...
£50000 - £65000 Per Annum potentially flexible for the right candidate: Clearw...
£38000 per annum + Benefits: Pro-Recruitment Group: Do you have experience of ...