Kirk Wright created a bogus investment scheme that defrauded everyone from professional football players to his own mother.
Yesterday, Wright hanged himself in jail.
The 37-year-old Wright, of Marietta, Ga., was convicted Wednesday of leading an investment scheme that bilked millions of dollars from clients ranging from NFL players to his mother.
Wright faced as many as 710 years in prison and a fine of up to $16 million. He already had been hit with a $20 million judgment as part of a civil lawsuit filed by the Securities and Exchange Commission.
Honey said no foul play is suspected in Wright’s death.
The guy ran a hedge fund company called International Management Associates that went belly-up in 2006, and created fake documents to hide the fact. When people got suspicious, he skipped town. Police found him in May of that year in a hotel room with fake IDs and about $30,000 in cash.
Wright’s attorney was sympathetic:
“My only reaction to it is that I am very saddened by it,” said Michael O’Leary, one of Wright’s lawyers. “I feel very badly for his family.”
Others…not so much, as evidenced from this story opening in the ATLANTA JOURNAL-CONSTITUTION:
Stripped of his clients’ millions, the hot cars, expensive homes, high-priced jury and his freedom, convicted Marietta hedge fund manager Kirk Wright returned to the basics in ending his life.
Wright, 37, hung himself in his cell at the South Fulton Municipal Regional Jail with a rope fabricated from bedsheets, Maj. Keith McGhee, the jail’s assistant chief, said Monday.
Authorities said that Wright passed a check performed to potentially at-risk inmates:
McGhee said jail officials had talked with Wright on Wednesday after his conviction to make sure he was all right and had put him on “sentencing alert” as they routinely do with recently convicted inmates to check for changes in behavior that would suggest possible escape or suicide attempt. “He was his normal self,” McGhee said.
Somewhat ironic that he pulled off one last con before robbing himself of his own life.