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Manhattan hedge fund manager fatally shot by son, 30, over cut allowance

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Sep 15, 2010
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NYC hedge fund founder killed by son over allowance source - NY Daily News

Thomas Gilbert Jr. flew off the handle and killed Thomas Gilbert Sr., 70, after his parents shrank his allowance to $300 a week and said they would stop paying rent for his posh Chelsea pad, the source said.

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A wealthy hedge-fund chief was gunned down by his adult son after he threatened to cut his allowance by a $100 a week and stop paying his steep rent, cops said Monday.

Spoiled manchild Thomas Gilbert Jr., 30, flew into a murderous rage when he confronted his fed-up dad, Thomas Gilbert Sr., 70, over the downsizing of financial support, police said.

“He was on a stipend from the family. Looks like he was in debt,” NYPD Chief of Detectives Robert Boyce said of the accused killer.

The freeloading son, a Princeton grad, shot his father once in the head with a .40-caliber Glock 22 handgun Sunday afternoon inside his parents’ multimillion-dollar Beekman Place apartment, police said.
 

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