Cops: Son Shot Hedge-Fund Dad Over Allowance Cut

Thomas Gilbert Jr. allegedly tried to make death look like suicide
By Rob Quinn,  Newser Staff
Posted Jan 5, 2015 11:00 PM CST
Updated Jan 6, 2015 1:44 AM CST
Cops: Son Shot Hedge-Fund Dad Over Allowance Cut
This photo provided by the Suffolk County District Attorney’s office shows Thomas Gilbert Jr. after his arrest on Sept. 18, 2014, in the town of Southampton, NY, on a misdemeanor charge.   (AP Photo/Suffolk County District Attorney’s office)

"Spoiled" barely covers it: Thomas Gilbert Jr., who allegedly shot his hedge-fund founder father dead on Sunday, did so because his father had threatened to cut his $400-per-week allowance by $100, police say. Thomas Gilbert Sr. had also discussed stopping paying his son's rent in a Manhattan building where rents average more than $3,000 a month, a police source tells the New York Daily News. Gilbert, a 30-year-old Princeton grad, "was on a stipend from the family," NYPD Chief of Detectives Robert Boyce says. "Looks like he was in debt."

Police believe Gilbert shot his father in the head with a Glock handgun and tried to make it look like a suicide, ABC News reports. "The gun was resting on his chest with his left hand covering it," Boyce says, describing it as a "staged crime scene." Police say that when the son visited his parents on Sunday, he asked his mother to get him a sandwich and she returned 15 minutes later to find her husband's body. Gilbert has been charged with homicide and criminal possession of a weapon. According to public records, he was arrested on Long Island a few months ago for allegedly violating an order of protection and was arrested on drug charges in 2007. (More hedge fund stories.)

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