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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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61.

cali    

TIGER 21 it is a peer-to-peer learning group for high net worth individuals. TIGER 21 provides members the opportunity to build a skill set to transition from focused entrepreneurs to disciplined managers of wealth. Members participate in professionally facilitated, 10-12 person monthly meetings to harness the varied expertise and collective intelligence of their peers.

TIGER 21 members come from a variety of professional and personal backgrounds. In a confidential atmosphere, members learn about investments and engage in a wide range of discussions. TIGER 21’s Presenter Program introduces members to investors, money managers and Wall Street chieftains, as well as authors and experts from beyond the world of finance Collectively, TIGER 21’s 180 members currently manage approximately $15 billion in assets.

Founded in 1999 by Michael Sonnenfeldt, TIGER 21 is headquartered in New York City and has chapters in San Francisco, Los Angeles, San Diego, Miami, Dallas, Washington, DC, Vancouver, Toronto and Calgary.

From Wikipedia, the free encyclopedia

1154 days ago
62.

Ricco    

what these people will do for FAME....

1154 days ago
63.

Jen    

I think THEY were having an affair with each other!!

1154 days ago
64.

Diamond    

How does this make Shanna/Taylor/Hughes/Ford/Armstrong any less of a skeezy whore con artist?

1154 days ago
65.

cali    

Now it's beginning to make sense why Taylor was avoiding the Coroner.
She knows more about this than she's willing to let on.

1154 days ago
66.

maria    

This show is smeared with blood and tragedy two suicides ,two divorces ,this show and Bravo TV. are the cause of all this chaotic picture! I hope it will be cancelled ,what is next? how this women feel ? is money is greed .....I wonder how the fake ,plastic ,wax ,named Taylor feels after all the commotion she created?

1154 days ago
67.

sky    

Geez they're dropping like flies.

1154 days ago
68.

Rixi    

what's so surprising about lovers committing suicide one day apart???

1154 days ago
69.

Gay lovers.....I think so!    

News broke of Taylor being beaten. Next day Russell commits suicide. Next day business partner does same. I think these two men were lovers and Russell thought if the news broke that he was beating Taylor that the news would break of his gay affair. Just my opinion....

1154 days ago
70.

soulflower    

All I can say is the plot thickens stay tuned............

1154 days ago
71.

Mimi    

omg people are joking about this? sick! i think it's going to come out that these people were involved in shady dealings and had extreme money problems.

1154 days ago
72.

flamingo    

These guys were both hit, and it was made to look like suicides.
They lost too much money of the 'wrong' people.
Wake up.

1154 days ago
73.

dolphin    

I knew this would start happening. We're only hearing about the famous...but rich people can't deal with losing everything because of the bad economy.

The poor will do just fine. They're used to doing without. The rich can't.

1154 days ago
74.

cali    

I think they scammed the wrong person out of money, and I bet Taylor is part of the scam.

1154 days ago
75.

CountryGal    

Yep, glad I'm poor and used to living without luxuries because with Obama in office things are about to get a lot worse. People need to stick close to family right now. You may all be living together soon.

1154 days ago
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