Writes the New York Times today (12/04), “an unfolding drama over Mr. Tobias’s estate is providing a lurid account of fast money and faster living in the volatile world of hedge funds. Mr. Tobias’s four brothers and Mrs. Tobias are locked in a legal battle over the estate, which is worth at least $25 million. And, in a civil complaint, they have gone so far as to accuse [Mrs. Tobias] of murder… The brothers, Samuel, Spence, Scott and Joshua, claim Mrs. Tobias drugged her husband and lured him into the pool. Bill Ash, a former assistant to Mr. Tobias, said he had told the police that Mrs. Tobias confessed to him that she had cajoled her husband into the water while he was on a cocaine binge with a promise of sex with a male go-go dancer known as Tiger.”

Continues the NYT story by Andrew Ross Sorkin, “The salacious accusations have captivated this wealthy enclave north of West Palm Beach and transfixed the investment world in New York, where Mr. Tobias ran a $300 million hedge fund from an office on Park Avenue. From the Breakers hotel in Palm Beach, a stately symbol of old money, to trading floors on Wall Street, the epicenter of the explosive wealth now reshaping American society, the case is seen as a parable of the modern gilded age…

“Mr. Tobias’s life was apparently as volatile as his investment returns… In March 2006, the police were called to the Tobiases’ home because of a domestic disturbance. A few days later. Mr. Tobias filed for divorce. It was one week before the couple’s first anniversary.

“The Tobiases later reconciled. But the divorce filings included a laundry list of accusations. Mrs. Tobias stated that she caught him having an ‘adulterous affair’ and that he ‘gambled away tens of thousands of dollars and used other funds on illicit habits.’ [...] They also secretly frequented a gay bar called Cupids in West Palm Beach, in a strip mall along a main thoroughfare. It was there, according to Mr. Ash, that Mr. Tobias first met Tiger.

” ‘Seth used to come in here back when it was crazy,’ said Adiel Hemingway, the longtime manager of Cupids. As a flat-screen television blared hard-core gay pornography, he said that Mr. Tobias often came to the club with his wife. Mr. Hemingway took out a picture of Tiger in his office. Tiger is blond and covered with tattoos that look like stripes.

” ‘I know exactly who he is, but I’m not telling you,’ Mr. Hemingway said. The Tobias brothers have subpoenaed Tiger, using the address of Cupids, but have been unable to learn his true name.”

Tiger made only about 9 or 10 films between 2000 and 2002, although periodically he’s made noises about a comeback. His best known films are probably MILE BI CLUB (All Worlds Video, 2001), PALMER’S LUST (Pacific Sun Entertainment, 2001) and ROAR OF THE TIGER (All Worlds, 2001).

The gay media has started to pick up on this story. “You can almost smell the schadenfreude,” notes Fleshbot.

See also:
Jossip: “Dead Banker Seth Tobias May Have Liked Cocaine, Go-Go Boys with Tattooed Stripes”
Queerty: “Seth Tobias√¢‚Ǩ‚Ñ¢ Secret Gay Past?”
Towleroad: “Estate Battle Exposes Lavish, Lurid Life of Hedge Fund Manager”