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Son Kills Father After A $100 Cut In Allowance

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The son of a Manhattan millionaire allegedly shot his father after finding out about the cut in his monthly financial support. According to the New York Daily News, Thomas Gilbert Sr. was the founder of the $200 million hedge fund Wainscott Capital Partners.

He paid thousands of dollars in rent for the Chelsea apartment where his son, Thomas Gilbert Jr., lived and gave him hundreds of dollars a week for spending money. But Gilbert Jr., a graduate of Princeton University, recently discovered that his income would be decreased and that his parents would no longer be paying his rent.

Although reports vary, ABC News says that Gilbert Sr. reduced his son’s allowance by $100, cutting the $400 weekly payments down to $300. Thomas Gilbert Jr. went to his parents’ Beekman Place apartment at about 3 pm on Sunday and asked his mother if he could speak with his father privately.

A source told the Post he made her go out.

“He asked her to get [him] a sandwich so she wouldn’t be there.”

Gilbert Jr. then fatally shot his father in the head with a .40-caliber Glock semi-automatic pistol.

According to the Daily News, NYPD Chief of Detectives Robert Boyce added that Gilbert Jr. put the gun on his father’s chest with his left hand over it in an attempt to make it look like a suicide before leaving the apartment. His mother called the police, telling them the husband has been shot by her son.

It wasn’t until about 10:30 Sunday night when Gilbert Jr. surrendered at his own apartment, where police found two magazine clips and some ammunition.

He is now facing charges for murder and criminal possession of a weapon.

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