Thomas Gilbert Jr., 30, of New York City, has just been arrested for criminal possession of a weapon and the murder of his father, Thomas Gilbert Sr.
Cops are saying the motive is the silver spooned killer grew irate that his mogul parent wouldn’t give him any of his allowance as he drowned in debt and hadn’t worked a day in his life.
Police said Gilbert Jr. went to his parents’ home on the East Side on Sunday afternoon and asked his mother to go out to get him some food. About 15 minutes later, she got a “bad feeling” and came back, said Robert Boyce, the chief of detectives for the New York Police Department.
“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.”
But Boyce said it was a staged suicide — his son was trying to cover up the killing. Officers with a search warrant went to Gilbert Jr.’s apartment on the West Side, where they found magazines, loose bullets and a shell that matched the gun found at the scene, police said. Authorities were investigating how he got the gun.
Gilbert Jr. was in debt and had argued with his father over his allowance, police said.
In 2011, the elder Gilbert founded Wainscott Capital Partners Fund, which has $200 million in assets. Industry publication Hedge Fund Alert said in an August 2013 article that the fund had a net return of nearly 25 percent in 2012. He was a graduate of Princeton University and Harvard Business School.
Gilbert Jr. also attended Princeton, graduating in 2009 with a degree in economics. Authorities said he had no recent work history.
The shooting was a rare act of violence in the Sutton Place neighborhood, a wealthy enclave just north of the United Nations.
The younger Gilbert pleaded not guilty in Southampton town court earlier Monday. The elder Gilbert has his funeral arrangements pending.
Photo: ABC News