The New York City Police Department said it received a call late on Monday afternoon that the man had jumped out of a 24th-floor window of the Sofitel New York Hotel.
Prior to joining Paulson in 2009, Murphy was a partner in Fairfield Greenwich Group, a feeder fund that invested more than $7 billion into Bernard Madoff's crisis-era Ponzi scheme and ultimately settled litigation related to the scandal for more than $80 million in 2013. His company AIA had been duped for $1.5 billion, including his own personal fortune, from Madoff's scheme.
Pictured the Charles Murphy Paulson hedge fund manager who jumped from the 24th floor of NYC's Sofitel hotel with his wife, Annabella Murphy.
A well-connected hedge funder associated with Bernie Madoff fell to his death at a NY hotel, according to reports.
WSJ's Nicole Friedman and Zolan Kanno-Youngs reported Tuesday evening that Charles Murphy, a partner at hedge fund Paulson & Co., died Monday in an apparent suicide. "Our deepest prayers are with his family", the statement said.
So caught up in losses and debts was the former once wall st whiz manager that, Murphy and his second wife, Annabella were struggling to come up with money to make repairs on an automobile after a recent auto accident.
According to CNBC, Murphy is believed to be the fourth person to commit suicide in connection with Madoff. Another investor, William Foxton, 65, committed suicide in 2009 because he was ashamed of his financial status.
At the time of his death, Murphy had been working for the investment management firm Paulson & Co.
One of Madoff's two sons, Mark, hanged himself on the second anniversary of his father's arrest.
As reported by The Post, Murphy's wife was so cash-strapped last summer that she couldn't afford to fix her Honda Odyssey after crashing it, according to an attendant at her parking garage.