Murderous Son, Who Killed His Hedge Fund Father Over $200 Allowance, Was A Mentally-Disturbed Princeton Economics Grad

Tyler Durden's picture

The most bizarre story from the past weekend was the shocking murder of Tom Gilbert, 70, founder of the Wainscott biotech-focused hedge fund, who was shot dead in his Sutton Place apartment on Sunday Afternoon: shocking because the alleged shooter was none other than his Millennial, hence unemployed, 30-year-old son. What was certainly unclear at the time was what would be the motivation of a son to kill his successful and wealthy father, especially in such dramatic cold blood.

We now know not only the motivation, thanks to AP:

The son of a millionaire Manhattan hedge fund founder who allegedly gunned down his dad over his allowance has been arraigned on a second-degree murder charge, authorities said.


A law enforcement source told the New York Post that Thomas Gilbert Jr. had just been told by his father that he would only receive $400 for spending money per month from that point on in addition to $2,400 per month for rent. The younger Gilbert had previously received $600 per month.



"She [Mrs. Gilbert] found Senior on the floor with a bullet hole in the head," said Boyce. "She also found a gun resting on his chest with his left hand covering it."

... but also the alleged psychopath's background:

Gilbert Jr. attended Princeton, graduating in 2009 with a degree in economics. Authorities said he had no recent work history.




Gilbert Jr. has a pending criminal case in the town of Southampton, on eastern Long Island.


Gilbert Jr., who has an address in the hamlet of Wainscott, was arrested Sept. 18 on a charge of criminal contempt. Southampton town police say he violated an order of protection issued in Brooklyn in June. Police say he confronted a man named Peter N. Smith at Sagg Main Beach in Sagaponack on Sept. 1.


He has pleaded not guilty and has a Feb. 2 court date scheduled.

And then it gets really bizarre. As the Mail reports, Junior was also charged with 21 counts of criminal possession of forgery devices after skimming device and 21 blank credit cards found at his home, and may have also burned down a rival's Hamptons mansion:

A Princeton graduate who was on Monday charged with murdering his multimillionaire father and attempting to stage the death as a suicide was also the prime suspect in an arson attack that burned down a rival's Hamptons mansion, it has been revealed.


Tommy Gilbert Jr, 30, was arrested in September for violating a restraining order taken out by Peter N. Smith, days after Mr Smith's father's home went up in flames.


Princeton graduate Gilbert Jr appeared in court charged with shooting dead his father, Thomas Gilbert Sr, at the family's luxury Manhattan apartment in a fight over his allowance being cut.


The Ivy Leaguer was a mainstay at New York society black-tie events in recent years but one ex-girlfriend revealed details of his dark side on Monday. 


Manhattan socialite Anna Rothschild, 49, whom he dated last year, said Tommy was a loner with few friends who deeply resented his father and was obsessed with how he would 'never be good enough' for his dad.


Gilbert Jr.'s ex-girlfriend Anna Rothschild, 49, says he was a loner whose phone only rang when his mother called. The two are pictured together at a charity gala at the Jane Hotel in last January 


Reports were also emerging today that Gilbert Jr suffered from mental illness and had been off his medication prior to the shooting.


Gilbert Jr was charged with murder and criminal possession of a weapon along with 21 counts of criminal possession of forgery devices after skimming device and 21 blank credit cards were found at the Chelsea apartment his father paid for. 


Gilbert Jr.'s ex girlfriend - twice-divorced Upper East Side socialite Anna Rothschild - told the Post that her former flame was a loner who had few friends and never got phone calls. The only person who ever called him was his mother, Miss Rothschild says. 


Gilbert Jr. was jobless - and seemed to have few prospects, and little interest, for finding serious work.


Instead, he spent most his time in the Hamptons, going to the gym, doing yoga and surfing. 



'How could a guy be that gorgeous, that wealthy, that fit and kill his dad? This is the last thing in a million years that I thought he could do,' Miss Rothschild, 49, told the Post. 


His one professional aspiration was founding his own hedge fund - but he complained that his father wouldn't give him the seed money to start it, Miss Rothschild said. 


Gilbert Jr. has an investment company registered to his $2,400-a-month Chelsea apartment - though it's not clear the firm has any assets under investment.


The company is a called Mameluke Capital - mamelukes being 13th-century Muslim slave soldiers. 


Miss Rothschild said Gilbert Jr. was also preoccupied with how controlling his father was over his money and was convinced that he could never do anything to gain his approval.


* * *


The first thing multiple acquaintances said of Gilbert Jr when asked to comment by Daily Mail Online on their fellow Princeton or Deerfield alumnus was the rumor that he'd burned down his one-time friend's house last summer.



Additionally a long-time resident of East Hampton and acquaintance of Gilbert Sr., who was a member of the upscale Maidstone Club there, also repeated the allegation.


The home belonged to Peter Smith Sr., a friend of the Gilbert family.


The Post reports that Gilbert Jr. had been friends with Peter Smith Jr. - but that they had fallen out over a girl.


The Post also claims that Gilbert Jr. Killed Smith's dog - but this was denied to Daily Mail Online by sources close to the events.


Three days after the fire, on September 18, Gilbert Jr. was arrested for violating an order of protection taken out by Smith Jr.


Peter Smith Jr, 32, declined to comment on the allegations and his sister, Bettina Prentice, did not respond to requests for comment.


* * *


Tommy Gilbert Jr, attended The Buckley school on Manhattan's Upper East Side from kindergarten until eighth grade. Tuition costs around $35,000 a year.


Noteable alumni of the school include actor James Harder, philanthropist David Rockefeller Jr and Robert Wagner, former deputy mayor of New York.


He then went on to the $50,000-a-year Deerfield Academy in Western Massachusetts, which counts the King of Jordan and Prince of Jordan among its alumni.


After graduating from Deerfield in 2003, Gilbert Jr accepted a place at Princeton University where he graduated in 2009.


A friend told Daily Mail Online on Monday: 'He was a really nice person. He was smart, athletic and he went to Princeton.


'He took some leave of absences from Princeton which is why it took him so long to graduate. He must have been really angry to do something so out-of-character.'


* * *


Tommy Gilbert Jr was arrested at his home on Sunday night in the Chelsea neighborhood of Manhattan, following the fatal shooting of his father, the founder of hedge fund, Wainscott Capital.

And so on, more here.

Still, remember: when dealing with murderous psychopathic Princeton economists, correlation is not always causation.

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cynicalskeptic's picture

well.... maybe the father was dying and DID commit suicide - in a way that framed huis good for nothing son.  Sort of the ultimate way of getting back at him.   No inheritance AND sonny gets to experience a very different life in prison.  

nah.... Dad would've spent every dime to prolong his own life - no matter what.

B2u's picture

Now he will have FREE room and board for life.

geno-econ's picture

Paid for by your and my taxdollar at about the same cost for prison expenses. Daddy should have increased his allowance and saved the taxpayer. As far as convicting Bankers for fraud, I would be happy to pay tax for their internment although clawback of ill gotten gains should cover the cost.  So why are we reluctant to prosecute ?   

Dadburnitpa's picture

His aim was 180 degress off.

MsCreant's picture

Nah, his aim was fine. He just needed to do himself next.

Uranus Hertz's picture

I was framed!

Seriously, there are several million more reasons to believe he was framed than the 200 reasons alleged by the one other probably suspect.

Withdrawn Sanction's picture

Good point.

BTW, how'd this "hedge fund" perform?  They take the usual 2 and 20?  Maybe a disgruntled investor who was locked up and pissed at piss poor performance, maybe the wife, maybe the kid, maybe.  Im sure NY's finest will leave no stone unturned to be sure they have the right guy.

magnumpk's picture

Princeton, where economic thought goes to die.  This guy just killed one person.  If he was directing economic policy, he would have the blood of many more on his hands. 

p00k1e's picture

'Only' $200.00.


They won't touch your shoes in The D unless they're worth $300.00+.

Savvy's picture

I wonder what sort of life insurance policy the hedge fund had on Sr.


VWAndy's picture

Such a sad story. All that time with the kugster. What a waste.

Itch's picture

And people ask me why i dont have kids? Jesus fucking christ. Why you have no little parasites? they are soooo cute!! Cute until they suck the vitality out of you and shoot you in the face. 

JenkinsLane's picture

Nice, sunny outlook on life you've got there.

SmittyinLA's picture

obviously .......he didn't do the math 

Manipuflation's picture

What a fucking piece of shit.    

the grateful unemployed's picture

a murderer and a fraud, if he was Princeton economist he would have printed his own money

NoWayJose's picture

But its OK to kill people as long as you have some connection with New York -- the Mayor, the judges, the mob, and the cops all say so...

Loose Caboose's picture

He looks like Hans from Zoolander. 

Uranus Hertz's picture

Surrounded by hardened criminals justice professionals, the life of young Trustfundlander was never as easy as the muppets were led (by hardened criminals justice professionals) to beleive.

honest injun's picture

Does the death of this hedge fund manager count in the banker death tally?

lasvegaspersona's picture

Insanity can destroy a family better than any other factor.

reader2010's picture

It's all Bush's fault. Let us blame it on the (un)happiness index -  aka the misery index - spike caused by constantly dropping oil price,  shall we? 

Fix It Again Timmy's picture

Well, he can now put his education to use: "If I make $.25/hour stamping license plates and a pack of cigs at the prison store costs X dollars..."  Looks like Princeton alum donations from Gilbert aren't going to put him in the Golden Circle...And who names a kid, Gilbert anyway?...

Schmuck Raker's picture

"Wainscott". It's a "hamlet". 'Nuf said.

Big Corked Boots's picture

Ever notice how nobody names a hedge fund Ho-Ho-Kus?


Batman11's picture

Look kid, the rich can get away with many crimes, this may not be one of them.

Expensive lawyers can only do so much.


smacker's picture

His father was putting pressure on him to get off his butts and find a job.

Junior didn't like that idea so much.

Haager's picture

I also wouldn't take that advice from a hedge-fund father, too. Big chance the father didn't know anything about real work (nevertheless, I don't expect the son to know about it, too).

CosmicDebris's picture

No longer receiving free money injections.  There's some irony here. I just know it.

tovar2's picture

The son looks like he hangs out under the Santa Cruz pier...maybe it was an online degree?

cornflakesdisease's picture

Well, this about sums up this kid's life now, given his future prospects:

pupdog1's picture

Sounds like dad was trying to make him get some sort of job, as might be expected of a Princeton 30 year old.

Why is it that sociopaths always look like sociopaths?

mendigo's picture

Most wealthy people are sociopaths.

The children of many weathy people are products of inbreeding.

That boy new how to get it done - one dead banker one banker homeless.

Emergency Ward's picture

Junior felt justified after taking Professor Krugman's "Resentment of Capitalist Patriarchs in Post Employment America" class.

Billy Shears's picture

Sure the kid was distressed. Out of work economics graduate, Princeton, no less. What's the world coming to. Hey, and lookout for those derivatives, they bite.

ken's picture

Staged. Over-acting.

Billy Shears's picture

Mameluke! Sonny Corleone's favorite put-down.

Half Cocked Jack's picture

Human nature doesn’t change..... Education is hopeless. The most educated people in the world can turn into Aztecs or Nazis just like that.” 

mc225's picture

that's an insult to aztecs... and maybe even nazis.

insanelysane's picture

I'm thinking dad actually ran a legit investment firm (if any exist) but son wanted seed money for a Corzine-Madoff type investment firm.  Dog killer, arsonist, murderer; wonder how many crimes mom and dad took care of in the past especially during his hiatus from Princeton.

Baby Eating Dingo22's picture

What's with the redundancy in the headline?

They're all mentally disturbed

Geez. Hasn't enough digital ink been wasted already on these bankster's amorality


Murderous Son, Who Killed His Hedge Fund Father Over $200 Allowance, Was A Mentally-Disturbed Princeton Economist Grad
northern vigor's picture

I have noticed that kids born around 1984 are head cases. My nephews included. I think there must have been a solar flare, or volcano that prevented their pregnant mothers from getting something in their diets, that year they were conceived. Perhaps it was a lack of folic acid in the lettuce?

insanelysane's picture

I have a son that age and 3 younger children.  These were the peak entitlement crowd.  It has actually gotten slightly better as my youngest are in high school.  It was a battle with the oldest because the entire school system and progressive parents were promoting the it's more important to have fun in school than to actually learn anything.  Kids were promoted to the next grade without learning anything because it was too traumatic to keep kids back.  The Peoples Republic of Massachusetts instituted the MCAS which is standardized testing because the kids weren't learning anything.  My kids would come home and say the teachers were griping about teaching for the test and it was limiting their education.  I would respond with well at least I know that you know enough to pass this test.

Mike Honcho's picture

If only someone told him to Google: marry a Rothschild if at all possible. 

cynicalskeptic's picture

She was 19 years older and twice divorced...  apparently she thought he was good for a regular fuck but not spouse material.  

It would've been 'awkward' if he went after someone else in the family 20 or 30 years younger.

Bastiat's picture

Definitely an underachiever.  Woodrow Wilson was a Princeton economist and he burned down the whole country.

Billy Shears's picture

Were all Mamelukes Eunuchs or just the ones with no balls?

Shizzmoney's picture

A) Princeton is a hole.  I've only met one person who went to school there that I actually geniunely like and is actually a good person.

B) The Federal Minimum Wage is $7.25.  40 weeks of that = $290/wk.  This guy was going to get, tax free, $300 AFTER the haircut he was going to take on his allowance.  

This is why I laugh at the bigoted folks who say, "Watch when they take the welfare and the EBT away, the poors and the blacks are going to riot!".  No, no, no.  The "poors" and the "blacks" and the rest of the low incomes folk are the tough people of America.  They are the ones America sends to their wars.  They are the ones who endured the Great Recession.  They are the meritocracy that produced some of America's greatest businesses, and some of it's greatest thinkers like Mark Twain, Susan B. Anthony, Martin Luther King; people who put their asses on the line.  Skin in the game, folks.  Rich people in a QE4EVA environment have no skin in the game; and when the gravy train stops, that's when SHTF. 

Austerity sucks, but poor folk can deal with it. We've been doing so for centuries.  

The rich people on the other hand, when they don't get their way?  Then this shit happens.  The fact that a Rothchild is in the middle of this affair makes it all more incestuous.   

When the market crashes, the rich will start wars.  Whether the aloof, uneducated populace falls for it is the only variable.