Monday, December 10, 2007

MYSTERIOUS MONEYMAN


CNBC commentator Seth Tobias found dead in Florida pool
BY SCOTT WENGER and DAVE GOLDINERDAILY NEWS STAFF WRITERS
Wednesday, September 5th 2007, 4:00 AM

Wall Street big shot Seth Tobias was mysteriously found dead yesterday in the swimming pool of his Florida mansion, police said.
Tobias' wife found the well-regarded CNBC commentator's body about 1 a.m., floating facedown in his pool in an exclusive section of Jupiter, Fla., near Palm Beach.
"I don't want anybody to jump to any conclusions," said Sgt. Scott Pascarella, a spokesman for the Jupiter police. "We aren't even classifying it as a suspicious death at this point."
There were no obvious signs of foul play.
Cops said an autopsy would be performed to determine how the brash moneyman died. "It's unusual because of his age," Pascarella said of the 44-year-old.
Tobias, who also had homes on E. 53rd St. and the Jersey Shore, ran the Circle T Partners hedge fund and managed $250 million in assets.
He was a familiar face on the financial network's popular "Squawk Box" show, and his quotes appeared on a financial Web site yesterday even as cops probed his death.
An employee at Circle T Partners confirmed Tobias had died and said a brother, Sam Tobias, was making funeral arrangements.
Seth Tobias' firm was embroiled in a battle for control of QSGI, a Hightstown, N.J.-based computer services company. Reports of Tobias' death sent QSGI's stock plunging 18% yesterday.
swenger@nydailynews.com

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But a reader posts the following message:

No. 4 PBC Resident says:
There could be a political connection as well. Something is fishy with Tobias’s property taxes. In 2006 his main home was valued $4,593,688 and he paid $98,497 in property taxes. For 2007 the tax appraiser dropped his value to $3,368,480 and his taxes dropped to $68,878.
The taxman dropped his taxes by 30%, yet just yesterday I heard on the news that beachfront property in the area went up 15% the first nine months of this year. So, did Tobias bribe the tax collector or does he have a boyfriend in the taxman’s office?Why is the news not investigating this tax break
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