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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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136.

BitterKittens    

YO! This story AND the Ashley Holmes arson story were first on www.stoopidhousewives.com. Great HWs site!! Really, check it out...

964 days ago
137.

Tawny    

Who gives a fuq? NEEEEEEXT! I bet this is Obama's fault too!

964 days ago
138.

Danielle    

This is sad. I don't care how any of your feel personally about these two man, they should be given some respect your don't know how they were feeling and what could have caused them to do this. And the dumb person it's President Obama's fault should go out and get a life and learn to respect him also call him what he is President Obama just not Obama

964 days ago
139.

supermom    

They probably were lovers-wouldn't suprise me

964 days ago
140.

RM    

I think the police run with the coroner's report instead of actually investigating the 2 suspected suicides. Look how many people are involved in wrong investments etc. and deals go wrong and people end up dead----AND NOT BY SUICIDE. It's made to look that way since usually the people who end up dead are caught up with money problems so the criminals go free. The police close their case and they move on... This does not sound right about 2 sucides with no notes. Russell loved and adored his daughter according to Taylor right???

963 days ago
141.

Cujeaux    

Schram's facebook page is still up. His picture is of him posing with Warren Buffett. He had a lot of semi-famous friends in the news industry and sons of wealthy people like Deepak Chopra. I didn't see Russell or Taylor on it. Apparently he's married and his wife is in Israel, or at least was at the time of his death.

Maybe some of the rumors swirling have some validity. Who else would threaten to write a tell all book about Russell other than Taylor? My guess is she discovered his secret life and used it as leverage against him. He retaliated by beating her. He may have preferred rough sex, like some closeted men do and may have beat her during a kinky sex session. He must have had something on her as well, which prevented her from blowing the whistle. Maybe she was in on the money he stole to purchase furniture for their house, or for that birthday party. Who buys a 5 year old a diamond ring for God's sake! Like she won't outgrow it in a few months. Then she gets pissed at him for getting a puppy that she eventually takes away from her poor kid.

I hated her on the show and don't feel the slightest bit sorry for her. She'll probably end up being a bigger drunk than Kim.

963 days ago
142.

CN    

or a Mob Hit 2 look like suicide becuz these 2 clowns owed Millions 2 the loan sharks of Bev Hills..They were made 2 off themselves..that skinny broad taylors hubby was a real skuzzz bag like her..These people will do anything 4 some quick money and fame, ANYTHING..dead 4 money

963 days ago
143.

HardRock    

Comment from another website:
national enquirer s/w alleged gay lover… not sure how true the story is but he was remarking about how despondent Russell had been lately about finance and even had been getting death threats (but he wasn’t implying russell was murdered).
But…I just noticed Alan Schram’s FB (he is the friend who committed suicide the day after russell on mulhulland drive the following day…he shot himself outside his car(?) On his FB page one of the last things he did was friend Francisco Martin (and 7 others)….but Francisco was also the person at the scene with Taylor when Russells body was discovered. I thought that was a weird connection. Francisco has “beauty secret” as one of his interests…isn’t that a taylor company? Also…In US Weekly there is a report that in June, Taylor got really drunk at a party and hit her head against a wall….wondering how that coincides with the alleged injuries.
--
I think its Beautyticket dot com and Taylor Armstrong is also an interest of Francisco martin. Franciscos FB page doesn't have anything on his wall at all except Alan Schrams last activity was adding friend Francisco and 7 others
--

Where are the autopsies?

963 days ago
144.

HardRock    

Schram's wife is (allegedly) in Israel...shouldn't she come home to attend to her husband's affairs? Is she really in Israel? Fishy fishy... Do ducks fish?

963 days ago
145.

cali    

Did anyone see this on Francisco Martin's Facebook?


Activities and Interests: BeautyTicket.com, Taylor Armstrong, Dr. Paul Nassif

963 days ago
146.

HardRock    

Cali.... check out the last few pages on this thread. I don't know why someone (especially LE) isn't checking into this stuff. Where are the autopsies? Where is Schram's wife? We're assuming that they committed suicide cause he was involved in something but if he really did embezzle peoples money and put it in offshore accounts very powerful people would have been very angry. What if Schram could have been involved or maybe he knew too much? Check out reality tea article and comments section..they've got good info.

963 days ago
147.

cali    

Russell just opened an account in Brazil June 2011.

963 days ago
148.

cali    

They hide their stolen money all over the world

963 days ago
149.

chrida    

Theses guys were murdered and the police department never investigates these murders...they just call them suicides...but there is a serious problem...

963 days ago
150.

cali    

I discovered Lindsay Peddler (Taylor's Beauty Ticket partner) is a major player in their scam.
I wonder if she’s Taylor’s sister.

963 days ago
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