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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

No Avatar
91.

She's baaaack    

Makes you kind of glad to be common folk doesn't it?

966 days ago
92.

Binky    

Everyone wants to blame Bravo and Taylor on his death!!! But the bottom line here is this man choose to enter this path of spending money!!! This man has been down this road before when it comes to spending money....read up on the man! He's "been" bankrupt before Taylor and Bravo TV came into his life! Look people ....this man played into "keeping up with the Jones" prior to Taylor came into his life. Is this sad.....yes!!!! But he wanted "arm candy" and he got it! He didn't have just a average women, clothing, watch, cars, homes, lifestyle....the man wanted the BEST! He didn't want average....so he worked his ass off to get the best! But the best comes with a price! It's very sad that this man took his life to get there though! Like everyone you wish you can advise those "fame/fortune" is not the only thing that can make us happy! To bad he's children have to grow up w/o a father.....death is bad enough on any child but taking your life is another story! I wish the best for all of his family! 

966 days ago
93.

payroll    

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966 days ago
94.

about 2 yrs ago    

Hard times are moving their way up the food chain. This is exactly why the super rich have got their hand tightly gripped on the ba-l-l-s our government representative that THEY do not want to pay taxes. They are gettin' scerd...scerd! They better. This ****** is not going away soon.

966 days ago
95.

honey2000    

This is too much nasty, bloody, grown up evil for me, YUK!!! - and I am 53 years young. Listen, money troubles can always be eventually solved, snd sre never worth the cost of a human soul.

966 days ago
96.

Christopher Murphy    

After hanging for 24 hrs he killed himself?

966 days ago
97.

pam    

Jawboning? seriously??? I knew Harvey was about 75 but you guys?

966 days ago
98.

Hipster    

I guess these idiots scammed the wrong investor.

966 days ago
99.

SMW    

Obviously they were lovers...My "Gaydar" was always on whenever Russell was on.

966 days ago
100.

Vic    

WoW... If it LOOKS like it, SMELLS like it..it USUALLY IS IT! Dead men don't talk!!

966 days ago
101.

00doodoo    

I went to High school with this creap who pretended to kill himself because he stole a gold mining dredge(It's an underwater va***e)from some who did not do gold dredging full time he had a job, teacher or something. Some dumb hick town in N. Cali they paid off the Corner with marijuana money to make a death certificate and the paper to run an Obituary. I think he just wanted to see who would come to his funeral. The Guy's Nerd always has been always will be.

966 days ago
102.

janet    

The Ex-wives of Beverly Hills...Bravo, is doing a lousy PR spin.

966 days ago
103.

Amazed    

Two men, somehow financially connected, suddenly commit suicide, hours apart? One being sued for absconding with investor's money for personal gain? His marriage is 80% business? His wife doesn't want to speak to the coroner? Taylor, you better run, mojito!

966 days ago
104.

hreh    

he

966 days ago
105.

Reba    

Anybody else involved with Taylor Armstrong going to commit suicide? OK Bravo/Andy Slimeball - time to pull your plug!

966 days ago
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