
Or not. Wonder how many of the geniuses who looted the mortage system in the subprime debacle lived like this? My guess: Most of them. Or will die like this? My guess: Not many. They'll live out their lives with their ill-gotten gains, rather like Nazi concentration camp guards. The Times has the "lurid" details:
A life of private jets and black-tie balls ended with Seth Tobias, a wealthy investment manager and a familiar presence on CNBC, floating face down in the swimming pool of his mansion here.
Mr. Tobias ran a $300 million hedge fund from an office on Park Avenue.
Mrs. Tobias spent $9,628 to have the pool drained and resurfaced days after her husband died, according to documents filed in an unrelated case.
Mr. Tobias made — and apparently spent — millions of dollars a year, court documents suggest. 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. He paid $1,367 a month to lease a Land Rover. His monthly cable bill from Comcast was $535.19.His mortgage payment for one of his homes was $35,000 a month.
The "Centurion Black" card. Don't you love the imperial imagery? And I bet Tobias didn't have any trouble with his mortgage, eh?
Of course, Tobias was a piker, a small-time shill roping the marks in over the teebee:
But the boyish Mr. Tobias never ran with the titans of Wall Street. He was a small player in an industry where successful managers command billions or even tens of billions of dollars. Nonetheless, Mr. Tobias managed to make a name for himself on financial-news television, appearing on “Squawk Box” and “Kudlow & Company” on CNBC.
Does make you wonder what the titans were doing with their money, doesn't it?
When the police arrived, Mrs. Tobias, on the advice of a friend who is a lawyer, refused to let them enter the house, which is perched on the edge of the sixth hole of a Jack Nicklaus-designed golf course in a gated community.
The moral of the story?
Children, don't ever go near anyone who plays golf.
NOTE Page 2 gets even more lurid. Here's a sample:
... It was there, according to Mr. Ash, that Mr. Tobias first met Tiger. ...
I wanted to focus on the money aspect, as opposed to the money shot aspect, so I didn't focus on "Tiger," who makes "Jeff Gannon" look like the provincial banality so appropriate for the Village
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