Son allegedly killed hedge fund father over $200 allowance cut

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NEW YORK – A 30-year-old man has been charged with killing his hedge fund father after police sources say his allowance had been cut.

According to PIX11, 70-year-old Thomas Gilbert Sr. was found shot to death in his apartment in New York on Sunday.

On Monday, 30-year-old Thomas Gilbert Jr. was charged in his father’s murder. ย He was also charged with criminal possession of a weapon.

Police believe Gilbert Jr. murdered his father after his allowance was cut.

โ€œHe was getting $3,000 a month and it was being cut to $2,800 a month,โ€ according to the police source.

Gilbert Sr. is the founder of a $200 million hedge fund, Wainscott Capital Partners.

Read more on this story at PIX11.

 

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