Disir
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- Sep 30, 2011
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Frederick Turbide sent a photo of his suicide note to an overseas investment dealer just before Christmas in a desperate last attempt to recover his missing life savings.
Over the previous few months, the 61-year-old Edmonton businessman had lost more than $300,000 in the murky world of binary option trading, and was hoping against hope the dealer he knew as Julian Wellington could somehow make it right.
“He said everything was on the line, and if he wasn’t able to put the money back that he anticipated this was the letter he was leaving behind,” son Tom Ferreira says.
“He was sick that whole week, sleep deprived … The next thing I know is I got a text message, all the kids did, saying, ‘Stop what you’re doing now, go home, be with your mom. It’s going to be a sad day.’ ”
A short time later, on Dec. 21, Turbide went into the garage of his Highlands home and fatally shot himself.
Desperate businessman dies by suicide after losing savings in investment scam: 'The house always wins'
That's horribly sad.
Over the previous few months, the 61-year-old Edmonton businessman had lost more than $300,000 in the murky world of binary option trading, and was hoping against hope the dealer he knew as Julian Wellington could somehow make it right.
“He said everything was on the line, and if he wasn’t able to put the money back that he anticipated this was the letter he was leaving behind,” son Tom Ferreira says.
“He was sick that whole week, sleep deprived … The next thing I know is I got a text message, all the kids did, saying, ‘Stop what you’re doing now, go home, be with your mom. It’s going to be a sad day.’ ”
A short time later, on Dec. 21, Turbide went into the garage of his Highlands home and fatally shot himself.
Desperate businessman dies by suicide after losing savings in investment scam: 'The house always wins'
That's horribly sad.
