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Russell Armstrong

Business Associate Commits Suicide

24 Hours After Hanging

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


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.


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I see a money scandal!!!!

1120 days ago


Neither guy left a note? I might believe 1, but BOTH? Bull sh*t! Shana/Taylor, crook extroidinaire, was trying to distance herself from this with BH season 2. Instead, beginning to sound like she was gonna expose something she was involved in. Shanna/Taylor better hide under a burka now.

1120 days ago


I always thought this, but now I'm convinced Shanna/Taylor left with Russell's note before the coroner and LE arrived.

1120 days ago


He knows he was going to be questioned ,and maybe a relatiosnhip between them? both look so sad and miserable ,Taylor hubby was miserable ,you can see and feel when he was on front of the camera ,hungry money loosers!all of them!

1120 days ago


Weren't they lovers? So sad.

1120 days ago


Gunshot to the head outside of car on Mulholland Drive sounds more like a murder than suicide.

Nancy Grace is going to be all over Taylor's ass

1120 days ago


Taylor knows what is going on in her hbby;s life ,the gay life ,a ponzi scheme she has to know she should be asked by the police ,this two guys schmeed many people and this wife knows about it! she knwos she was using somebody's money for sure she is a conwomam she is filthy like her hubby and the partner ,that is why the partner killed himself and now is her turn I hope she don't do the same thing ,she is going to be in trouble ,maybe she even put money in his business ,we will see the saga continues!

1120 days ago


The odds of two friends and business associates from the same company BOTH committing suicide within a day of each other are extremely rare to be a coincidence. I'm thinking they were mixed up in something big that had to do with a huge amount of other people's money and it feel through big time which would bringing both of them to financial ruin.

I think Taylor and the other man's wife are in for a big surprise and the won't be happy about it.

1120 days ago


So what if he was gay? Doesn't matter as far as I can see. Shanna/Taylor 'turned the screw'. PERIOD!

1120 days ago


Wtf! I just can't believe it1-800-SUICIDE 1-800-273-TALK
1-800-784-2433 PLEASE PLEASE PLEASE call!!We DO love u even though we don't know you!! Please get help!

1120 days ago


Ok, now would this not relinquish any merit against Bravo legally - blaming Russ's "depression" and suicide on the show? TAYLOR... GET A DAMN JOB AND QUIT CHASING A BUCK, YOU WANT BRAVO TO HANG ITSELF NEXT?

1120 days ago


Bad things come in threes so I wonder what's next for the HWOBH. Last year it was Camille, now Shana. All Bravo needs now is for Kim to hit the sauce again and there's another fatality.

I wouldn't hazard a guess yet about why this happened. The partner could have been openly gay, or could have been straight with a family. His death could have been a murder or he could have killed Russell. Too soon to say.

All I know is on the show, Shana said her relationship with Russell was 80% business. She had her hand in the cookie jar. Not meeting with the coroner was her first mistake. It's very suspicious that she would be uncooperative.

1120 days ago


if you wanna talk/cam friend me on my profile

1120 days ago


Either gay lovers or Tiger 21 is a Ponzi scheme.

1120 days ago

Dr. P    

What a couple of weak minded jerks. How could you be so selfish and vain as to leave your families with such grief. Is the thought of living paycheck to paycheck and eating mac and cheese too much for you, crybabies?

1120 days ago
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