Tommy Gilbert Jr. Reportedly Killed Father Over Allowance Cut

Thomas Gilbert Jr., son of a prominent New York hedge fund founder, is facing murder charges for the fatal shooting of his father. On Monday, Jan. 5, Reuters reported that investigators had determined the crime scene was staged.

“The gun laying where it was, it didn’t seem it was a self-inflicted wound,” explained New York Chief of Detectives Robert Boyce.

Shortly after, Gilbert began making headlines due to his suspected connection to the murder. However, it had not been discovered why he would have committed the heinous crime. Now, several news reports have revealed the shocking series of events that led to the killing.

According to New York Daily News, Gilbert who has been labeled as a “spoiled brat” reportedly killed his father over money. Things took a disturbing turn when the 30-year-old learned that his father would be axing his cash flow. Although the exact amount of his monthly allowance has not yet been disclosed, it has been reported that his father was paying the $3,100 monthly rent on his lavish penthouse. However, several assumptions have been made.

“He was cutting his allowance. He had been giving him $2,400 a month for rent and $600 for spending money, and he was cutting that to $400 a month for spending money,” an alleged source revealed.

So, of course, he probably received a hefty monthly allowance. So, he definitely wasn’t too pleased when the amount was reduced to a meager $300 a week. Then to make matters worse, the prominent Manhattan socialite was reportedly deep in debt.

The Princeton graduate reportedly showed up at his parents’ home on Sunday, Jan. 4 where he and his father were involved in a heated argument over his allowance. When Gilbert’s 70-year-old father threatened to stop paying the rent on his lavish pad, he allegedly became enraged with his father and shot him. The Wainscott Capital Partners Fund founder was pronounced dead at the scene of the crime.

No further details have been released. Thomas Gilbert Jr. has been charged with second-degree murder for the death of his father. He is currently in custody awaiting arraignment.

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