The fund founded by “The Black Madoff” was bankrupted in 2012 after Alphonse Fletcher, Jr.’s firms, Fletcher Asset Management and Fletcher International, failed to meet redemption requests of £97 million ($144 million). The son of a technician at a submarine building firm, Alphonse Fletcher, Jr. swapped his boyfriend of ten years, Hobart V. “Bo” Fowlkes, Jr. for a lawyer wife named Ellen Pao when he married in San Francisco in 2007. Curiously, Fletcher retained Fowlkes as an advisor to his companies, made him godfather to his daughter and also bizarrely sued the board of directors of The Dakota co-op building in which he owns four apartments alleging racial discrimination in 2011. Born in New London, Connecticut and a Harvard graduate, Fletcher is described as thinking of himself as “the king of the world” and enjoyed all the trappings of a playboy at the height of his success. With a 1,100-acre £4 million ($5.9 million) estate he referred to as “the castle” in Cornwall, Connecticut, a £3.1 million ($4.6 million) home in Montauk, a £2.6 million ($3.9 million) condo in The St. Regis San Francisco Hotel and a townhouse on East 66th Street in Manhattan, this hedge fund manager well and truly had it all and was also respected as a generous philanthropist. He now stands disgraced and accused of civil fraud whilst in March 2015 his wife lost the widely publicised gender discrimination suit she had brought against Kleiner Perkins Caufield & Byers, LLC. Described as “The Odd Couple” by Fortune magazine in 2012, Alphonse Fletecher, Jr. and Ellen Pao are prime examples of why greed isn’t always good.
Two stories to keep beside you
Catherine Hooper
The founder of Black Umbrella moved in with Andrew Madoff three days before the black storm of his father’s Ponzi scheme broke. Hooper, a graduate of Bryn Mawr, launched her firm – which aids individuals with “emergency preparedness” and sells such items as anti-radiation suits and pocket sized radiation detectors – in 2009 and profited from […]
Karen Blackett OBE
The chief executive officer of Mediacom stated: “I still think it is odd that I’m the only senior black woman in the advertising industry” in November 2014.
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9 comments
What I liked best was the Twitter user who described them as “the Frank and Claire Underwood of finance”. May they rot.
How the mighty fall.
Liked his suit. Who’s his tailor?
An expensive one no doubt.
Definitely not Primark
N’owt as queer as folk……..
He has a look; a look you simply wouldn’t trust. He looks highly suspect. He might have a fancy suit and a fancy name but beneath it all, what is he?
I can answer that. He’s a shape-shifting dirtbag and racial racketeer who betrayed everyone who ever liked him for something other than his money. He will die alone and forgotten. But he sure spent a lot of other people’s money doing it, and pursuing his ludicrous victimization claims.
Is his brother Todd as fake, gay, and twisted as Fudgeman, Sr?