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Russell Armstrong

Business Associate Commits Suicide

24 Hours After Hanging

8/27/2011 11:00 AM PDT BY TMZ STAFF

0826_russell_armstron_alan_schram_ex

Russell Armstrong
's friend and business associate committed suicide the day after Russell's body was found hanging from a beam in his bedroom ... TMZ has learned.

Alan Schram -- the managing partner of Wellcap, an L.A-based hedge fund -- was found on August 16 outside of his car on Mulholland Drive with a gunshot to his head.  The L.A. County Coroner concluded Schram's death was a suicide.

Alan was connected with an exclusive group called Tiger 21 -- a organization of high net-worth folk who jawbone with each other about investments ... and we're told Russell Armstrong was a member of Tiger 21, even though he was clearly having money trouble.

We're also told they became friends, and during Russell's memorial, Taylor and some of the other "Real Housewives of Beverly Hills" were talking about how shocked they were that the two men killed themselves -- possibly a day apart. 

As we previously reported, Russell, who did not leave a suicide note, was in deep distress over money problems.  As for Alan, he also did not leave a note, and his money situation is unclear.


188 COMMENTS

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1.

Kobe_No_Means_No    

I guess it's tiger 19 now. 1st.

1116 days ago
2.

summers eve feminine itch    

feminine itch

1116 days ago
3.

KurganVon    

LOL MORE LIKE TIGER 19 NOW AM I RITE?

1116 days ago
4.

TMZebra    

The curse of the flying hellfish!

1116 days ago
5.

wall_street_inside    

I am in shock and am in tears. This is so tragic,,,,,,,,,,, wait a sec, i don't know who this guy is

1116 days ago
6.

theblackman    

fark

1116 days ago
7.

erica    

i think they were gay lovers.

1116 days ago
8.

djchalieronbinson    

good

1116 days ago
9.

The Real JJ    

Doesn't sound right to me?

1116 days ago
10.

Hanging to da lef    

Those house whores are leathal!!

1116 days ago
11.

wil    

How can two pathetic, broke, mentally unstable Clowns ne managing money...what is there for "elite" bankrupt money managers to discuss? Talk about inflated sense of self-worth

1116 days ago
12.

Ishcabibble    

Some of his blogs...
http://www.huffingtonpost.com/alan-schram

1116 days ago
13.

Damon    

Sounds very Romeo & Juliet to me!

Or, they pulled some Madoff ponzi scheme and it is about to be exposed...or both!

1116 days ago
14.

kayleigh    

Sounds very Romeo and Romeo to me

1116 days ago
15.

mrspatrickcampbell    

Were Russell and Alan 'playing hospitals' together?

1116 days ago
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | Most Recent | Next 15 Comments

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