A New York City hedge fund founder was killed by his son following an argument over the son's allowance, investigators said Monday.
Thomas Gilbert Senior, 70, was fatally shot Sunday afternoon at his Manhattan home in a grisly murder that has rocked national headlines. The victim's son, Thomas Gilbert Jr., was arrested and charged with murder several hours after his father's body was found in the multimillion-dollar East Side apartment's bedroom.
The 30-year-old is also charged with criminal possession of a weapon, the Chicago Tribune reported.
New York Police Department investigators said the son, a Princeton University graduate like his dad, was in debt and argued with his father over his allowance, according to the newspaper. Gilbert Jr. had no recent job experience, police said.
Moments before the shooting, police said the son arrived at his parent's apartment and got his mother to leave by asking her to get food for him. But after 15 minutes, she got a "bad feeling" and returned home, NYPD Chief of Detectives Robert Boyce told the Chicago Tribune.
"She found Senior on the floor with a bullet hole in the head," Boyce said. "She also found a gun resting on his chest with his left hand covering it."
The son staged the scene to look like a suicide, Boyce said.
According to court records, Gilbert Jr. has a case pending against him for violating an order of protection after he allegedly confronted a man on eastern Long Island. He was arrested in September 2014 for criminal contempt and pleaded not guilty to that charge.
He is currently being held on the latest charges pending his Jan. 9 court hearing, ABC News reported.
Gilbert Sr., who also graduated from Harvard Business School, is the founder of Wainscott Capital Partners, a hedge fund that manages $200 million in total assets and invests in biotechnology and health care stocks.
