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The Seth Tobias affair: Hedge funds, gay bars, cocaine, drowning and a lucrative will

The New York Times reports that former hedge fund manager and CNBC commentator Seth Tobias left quite a lurid tale before he allegedly drowned in his Jupiter, FL., pool in September. Tobias' wife has been accused of murdering her husband, while his brothers are the beneficiaries of a disputed will.

Before getting into the details, this story has a distant connection to BloggingStocks. After all, blogger and Mad Money Host Jim Cramer was Seth Tobias' boss at Goldman Sachs (NYSE: GS). As Cramer said: "I don't understand why this hasn't ended up on CSI: Miami yet."

Here are the key details:

  • Hedge fund and CNBC host. Tobias ran a $300 million hedge fund called Circle T out of offices near Palm Beach's Breaker's Hotel and was a commentator on CNBC's Kudlow & Company -- hosted by Larry Kudlow, a former cocaine addict and partner of Cramer's on CNBC who would be a good fit alongside Fox's Bill O'Reilly.
  • Gay bar. Tobias was known to frequent a gay bar called Cupids in West Palm Beach where he met a go-go dancer named Tiger who "is blond and covered with tattoos that look like stripes."

Continue reading The Seth Tobias affair: Hedge funds, gay bars, cocaine, drowning and a lucrative will

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Last updated: July 20, 2008: 02:51 AM

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