tb.jpgHedge 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]

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Comments (37)

  1. Posted by just me | December 4, 2007 at 3:49 PM

    he’s dead – let him rest in peace. And theres a million living idiots to make fun of anyways.

  2. Posted by M | December 4, 2007 at 3:58 PM

    Uh, how ’bout everyone’s name in his family beginning with “S”? Kinda ironic that he Sunk to death?

  3. Posted by Anonymosity | December 4, 2007 at 3:59 PM

    I heard the pool was full of…
    okay, I’ll stop.

  4. Posted by Anonymous | December 4, 2007 at 3:59 PM

    baby bess is on fire. you are killing it girl!

  5. Posted by anon | December 4, 2007 at 4:07 PM

    Damn never nudes.

  6. Posted by PBateman | December 4, 2007 at 4:10 PM

    “I heard the pool was full of….”
    … MHL. And coke. Lots of coke.

  7. Posted by Anonymous | December 4, 2007 at 4:13 PM

    “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.”

  8. Posted by Anonymous | December 4, 2007 at 4:15 PM

    amazing picture. . .is that from the show or is it photoshop?

  9. Posted by PBC Resident | December 4, 2007 at 4:16 PM

    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?

  10. Posted by Anonymous | December 4, 2007 at 4:17 PM

    ““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.”

  11. Posted by Anonymous | December 4, 2007 at 4:21 PM

    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.

  12. Posted by To The Hilt | December 4, 2007 at 4:23 PM

    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.

  13. Posted by Anonymous | December 4, 2007 at 4:24 PM

    Bet Tiger is hot. Those guys always are. Poor, but hot.

  14. Posted by Anonymous | December 4, 2007 at 4:29 PM

    Was he also the world’s first Analyst-Therapist?

  15. Posted by Anonymous | December 4, 2007 at 4:35 PM

    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.

  16. Posted by HAM'05 | December 4, 2007 at 4:43 PM

    great pic – way to ring in the festival of lights bess

  17. Posted by Anonymous | December 4, 2007 at 4:49 PM

    He must have been ordering lots of gay porn PPV

  18. Posted by Anonymous | December 4, 2007 at 4:59 PM

    4:49- as bess would say, “ya, think?”?!

  19. Posted by pierre | December 4, 2007 at 5:02 PM

    i’d say just another degenerate homosexual, but that would be redundant

  20. Posted by Anonymous | December 4, 2007 at 5:06 PM

    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

  21. Posted by M | December 4, 2007 at 5:07 PM

    Can somebody post a pic of Tiger

  22. Posted by pierre | December 4, 2007 at 5:10 PM

    @ 5:06 then i guess i’m the exception that proves the rule

  23. Posted by Anonymous | December 4, 2007 at 5:13 PM

    Andrew Ross Sorkin deserves a Mike’s Hard Lemonade after watching “hard core gay porn.”

  24. Posted by Anonymous | December 4, 2007 at 5:31 PM

    5:10 They all say that, but I know better.

  25. Posted by Anonymous | December 4, 2007 at 5:32 PM

    5:10 They all say that, but (from experience) I know better.

  26. Posted by L. Craig | December 4, 2007 at 5:45 PM

    Pierre – Any chance for a tryst in the men’s room at BS? 14th floor.

  27. Posted by Murdoch | December 4, 2007 at 5:49 PM

    That’s some cable bill. Time to switch to DirecTV.

  28. Posted by Anonymous | December 4, 2007 at 5:54 PM

    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?

  29. Posted by Tony the Tiger | December 4, 2007 at 6:03 PM

    Wasn’t me. It was another Tiger. I swear.
    Nothing goes better with gay sex and coke than… Mikes Hard Lemonade- it’s GRRrrreat!!!!

  30. Posted by Yo! MG | December 4, 2007 at 6:06 PM

    http://biz.yahoo.com/law/071204/63f39e4f292c7a1cd5f9da340d384c68.html?.v=1
    more coke, death, suspicious circumstances, prominent person news for you.

  31. Posted by So What if He's Dead | December 4, 2007 at 11:57 PM

    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.

  32. Posted by Friend | December 6, 2007 at 12:49 PM

    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.

  33. Posted by ggman | December 7, 2007 at 3:47 PM

    and when he died Itold you he was up to no good, but no one to belive me

  34. Posted by ggman | December 7, 2007 at 3:49 PM

    and when he died I told you he was up to no good, but no one to belive me

  35. Posted by ggman | December 7, 2007 at 3:49 PM

    and when he died I told you he was up to no good, but no one to belive me

  36. Posted by Anonymous | December 10, 2007 at 5:05 PM

    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.

  37. Posted by Anonymous | December 11, 2007 at 12:00 PM

    Yes, but you hurt the feelings of everyone who knew and liked them – family members especially.

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