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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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hreh, you have a wonderful economy for words.

1151 days ago



1151 days ago

Britney Spears is a joke    

Hmmmm? Murder - suicide? Auto-erotica gone wrong? There is more to this story than what is really been shown so far.

1151 days ago


Why do I suspect that they both were murdered and it was made to look like suicide? Did they have rich clients that were upset with them? Were their suits against their company?

1151 days ago


The thought of having to live among the middle class working trash must have been too much for them.

1151 days ago


At what point did these clowns become "celebrities"? Nowhere near that in my book. NEXT!!!!

1151 days ago

Just Saying    


1151 days ago

Jim in Cali    

wow, were these guys lovers or something? Totally bizarre.

1151 days ago


I smell a ponzi scheme.

1151 days ago


They were obviously taking from investors what they couldnt pay back.

1151 days ago

Bernice Madoff    

They love their money those Bernie folks above all else.

1151 days ago


This is still on the front page? ****, get your stalkers out there and give us something juicy. Hell, follow Andy **** if you have to...

1151 days ago


Nobody, and I mean Nobody can make you spend money. Russell was in the jewelry shop with Taylor when she brought all that jewelry for her daughter's birthday. He was right there alongside her spending money they didn't have. To blame Taylor, Bravo or anyone else but Russel Armstrong is such a huge mistake. Did his partner see him the day of his suicide. Could it possibly be murder and then he killed himself? Just a theory. Also, it's not nice to talk about anyone's looks. It's not like she had anything to do with it and it's just wrong. The extra padding in her lips- ok but anything else. just not right.

1151 days ago

PRO US    

It's like the whales or dolphins beaching themselves. No one knows why they do it. At least, not yet. Save the whales. Save the dolphins. Save the arrogant, pretentious, condescending, metrosexual, effeminate, materialistic, grey goose sipping, german luxury sports car driving, cocaine snorting, alfalfa sprout eating, gay investment bankers scruing their clients with Ponzi schemes, not that there's anything wrong with that. LOL

1151 days ago

thomas e donahue    

no one cares. get a better story to lead the page. loser exit stage hanging. buh....bye.

1151 days ago
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