Hedge fund newsletter by day, gay cruising website by night FINalternativesolutions brought Seth Tobias into our lives back in October. You remember him. He’s the guy who:
- Founded Circle T Partners, which is currently returning investors’ money
- Appeared on “Squawk Box” and “Kudlow & Company”
- Was found dead in his Jupiter, FL pool
- Was married to Filomena, who his brothers Samuel, Spence, Scott and Joshua think drugged and drowned him
- Employed a personal assistant named Billy Ash, AKA Mr. Madam, a Ft. Lauderdale-based gay pimp (and esteemed colleague of Heidi Fleiss) who claims Tobias had a drug and alcohol addiction, in addition to a healthy interest in paying for sex, a volatile relationship with his wife (which was a cover for his homosexuality), “many” boyfriends, including an exotic dancer from the local Palm Beach gay club (Cupids) known to friends and clients as Tiger, whose dalliances with Tobias contributed to Filomena’s decision to kill him.
The Tobias brothers and Fil. are currently locked in a legal battle over the deceased’s estate worth $25 million, and a civil complaint has been filed accusing the widow of murder. But what the The New York Times is most interested in is that sweet-sounding club! So they sent wunderkind reporter Andrew Ross Sorkin down to Florida to check it out (and see if he could dig up anything else about the case). As “a flat-screen television blared hard-core gay pornography,” here’s what he was able to find on Mr. T.:
- He spent days at the Kentucky Derby and nights at Donald Trump’s Mar-a-Lago Club
- He hadn’t gone “near a pool” in years
-Outstanding expenses at the time of his death included $52,532 on his American Express Centurion Black Card and $7,960 on his Bank of America credit card. His mortgage payment for one of his homes was $35,000 a month. He paid $1,367 a month to lease a Land Rover. His monthly cable bill from Comcast was $535.19.
Pretty standard-issue stuff, especially the cable bill. Who among us hasn’t said, “Oh, I’ll just order this one movie, it’s cheaper than Blockbuster anyway” and been unable to stop? Mar-a-Lago’s a little downmarket but it outclasses Jimmy Cayne’s nights at the DoubleTree any day. The most glaring finding is the bit about the pool, because it seems to imply Mr. T didn’t know how to swim, which is horrifically embarrassing. Though no more embarrassing than getting overcharged by a pool cleaning company for removing what remains of your dead husband. $9,628.00 PLUS INTEREST? That’s practically criminal. (Am I killing today or am I killing today? I’m killing today.)
Earlier: Okay.
A Lurid Aftermath to a Hedge Fund Manager’s Life [NYT]

he’s dead – let him rest in peace. And theres a million living idiots to make fun of anyways.
Uh, how ’bout everyone’s name in his family beginning with “S”? Kinda ironic that he Sunk to death?
I heard the pool was full of…
okay, I’ll stop.
baby bess is on fire. you are killing it girl!
Damn never nudes.
“I heard the pool was full of….”
… MHL. And coke. Lots of coke.
“The brothers, Samuel, Spence, Scott and Joshua, claim Mrs. Tobias drugged her husband and lured him into the pool. Bill Ash, a former assistant to Mr. Tobias, said he had told the police that Mrs. Tobias confessed to him that she had cajoled her husband into the water while he was on a cocaine binge with a promise of sex with a male go-go dancer known as Tiger.”
amazing picture. . .is that from the show or is it photoshop?
There could be a political connection as well. Something is fishy with Tobias’s property taxes. In 2006 his main home was valued $4,593,688 and he paid $98, 497 in property taxes. For 2007 the tax appraiser dropped his value to $3,368,480 and his taxes dropped to $68,878.
The taxman dropped his value by 25%, yet just yesterday I heard on the news that beachfront property in the area went up 15% the first nine months of this year. So, did Tobias bribe the tax collector or does he have a boyfriend in the taxman’s office?
““I don’t understand why this hasn’t ended up on ‘CSI: Miami’ yet,” said Jim Cramer, the host of CNBC’s stock-picking show “Mad Money” and Mr. Tobias’s former boss on Wall Street.”
4:13 I read that too in the Times. Seems goofy. If he wanted Tiger, why’s he getting lured into the pool with Fil? He should simply have told Fil to have a good swim and called Ash.
Re: the tax situation…I can shed some light on that.
You need to understand that the 2006 value included as collateral about 140,000 4-packs of Mike’s Hard Lemonade.
After Tobias drank / swam in all that collateral, the assessor’s office had no choice but to reduce the assessment.
Bet Tiger is hot. Those guys always are. Poor, but hot.
Was he also the world’s first Analyst-Therapist?
Tobias is not a bad looking guy. Judging from the face pic that is, not familiar with the body. Seems a shame that he got involved with Fil and Ash and the hustler Tiger. With his not bad looks and big big big bucks he could have done very well for himself in standard gay circles, without having to pay for it or marry for cover. He made the mistake of thinking that a hedge fund alpha male could never be gay or that anyone would care. A few would, but not enough to make a difference. A lesson for some of you that are out there but not out. Dont let it get you in trouble.
great pic – way to ring in the festival of lights bess
He must have been ordering lots of gay porn PPV
4:49- as bess would say, “ya, think?”?!
i’d say just another degenerate homosexual, but that would be redundant
pierre: in my experience the guys who make comments like yours are most likely to be the ones on their knees in the men’s room stalls. Or in the sauna at the Buckhead Ritz Carlton with their legs spread while wifey is home in Greenwich. See 4:35
Can somebody post a pic of Tiger
@ 5:06 then i guess i’m the exception that proves the rule
Andrew Ross Sorkin deserves a Mike’s Hard Lemonade after watching “hard core gay porn.”
5:10 They all say that, but I know better.
5:10 They all say that, but (from experience) I know better.
Pierre – Any chance for a tryst in the men’s room at BS? 14th floor.
That’s some cable bill. Time to switch to DirecTV.
What the gig with Circle Jerk? Had heard Sam was stepping into Seth’s role. CNBC reports sounded more like they were closing up shop. Soggy biscuit for bonus?
Wasn’t me. It was another Tiger. I swear.
Nothing goes better with gay sex and coke than… Mikes Hard Lemonade- it’s GRRrrreat!!!!
http://biz.yahoo.com/law/071204/63f39e4f292c7a1cd5f9da340d384c68.html?.v=1
more coke, death, suspicious circumstances, prominent person news for you.
Dead people get talked about all the time. Notorious dead people get talked about a lot. Being dead doesn’t purity one’s sordid life. It just adds a period to it like this.
Bess –
You should be ashamed of yourself for writing this. Seth Tobias is dead – let him rest in peace. What on earth do you know about him other than what you read in the paper? Not a thing. Let’s hope you’re never in the position of having to read awful things in snarky, slimy blogs about a sibling or close friend of yours who has passed away.
and when he died Itold you he was up to no good, but no one to belive me
and when he died I told you he was up to no good, but no one to belive me
and when he died I told you he was up to no good, but no one to belive me
12:49: Calm down. Part of the price of being a public figure is putting up with people talking about you, before and after your death.
Besides, it’s much harder to hurt someone’s feelings when they’re dead.
Yes, but you hurt the feelings of everyone who knew and liked them – family members especially.