Exclusive: Father of investment banker, 29, fears son turned to drink
and drugs to cope with stress and jumped to his death after a 'Wolf of
Wall Street cocaine party'
Thomas J Hughes jumped 200ft from 24th story of his Manhattan building
He believes Thomas found release from the pressure at work in illegal
drugs which turned him suicidal
Police reportedly found bag of cocaine and four with residue at
The Moelis & Company employee and Northwestern grad hit a guard rail on
Colleagues remembered the Westchester native as 'positive force'
Hughes recently took a trip to the Bahamas but had to work during
By Daniel Bates For Dailymail.com
PUBLISHED: 09:29 EDT, 29 May 2015 | UPDATED: 15:56 EDT, 29 May 2015
The father of the investment banker who plunged to his death from his
luxury Manhattan apartment where police found evidence of a wild party
said today that he fears his son turned to drink and drugs to cope with
the stress of work.
John Hughes said that son Thomas had been under a ‘lot of pressure’ and
that he even had to work on a recent holiday in the Bahamas.
Police reportedly found one ziplock bag filled with cocaine and residue
on four bags and a rolled up dollar bill, suggesting Wolf of Wall
Street-style drug use before the death.
Thomas’ body was found on Thursday morning on the sidewalk outside his
apartment block after apparently jumping 200ft from his home on the 24th
Thomas J Hughes, 29, originally from Westchester County, New York, was
mourned by colleagues and family on Friday after jumping to his death
from a luxury apartment building in downtown Manhattan
The Moelis & Company employee was remembered as 'talented' and a
'positive force' by colleagues. Above, Hughes (second from right) poses
with his family at the Manhattan restaurant Per Se
He is the 12th person this year who worked in finance have taken their
own life amid renewed focus on the demands that Wall St places on young
John, 61, described his son, 29-year-old son, as someone who ‘liked to
work hard and liked to party’ and feared that he found release in
illegal drugs which turned him suicidal.
The lawyer from Briarcliff Manor in Westchester County, told Daily Mail
Online: ‘Naturally this is a complete surprise to us. We are devastated.
‘Thomas was a happy, jovial, successful, good looking, very sociable
‘The only explanation is that I know he’s been working very hard and has
been under a lot of pressure.
‘His work did not leave much time for enjoyment but that’s the nature of
the assignment that he chose.
‘I also know that sometimes when one is in that environment you can turn
to alcohol or other types of drugs...
‘...at a time when he was under stress he probably resorted to illegal
drugs, causing this incredibly poor judgement, is probably the best I
‘He must have had some problems that I was not privy to.’
In addition to drugs, police found two Chase credit cards and a debit
card in Thomas's apartment in New York's Financial District, according
to sources cited by the New York Post.
Tributes to Hughes followed shock on Thursday morning as details about
the scene in lower Manhattan emerged
The body was thought to have bounced off of or narrowly missed a passing
Honda CRV on the lower Manhattan street
Hughes, who was educated at Northwestern, jumped to his death after
returning from a vacation in the Bahamas
The youngest of three brothers, Thomas was educated at the $52,000 a
year Canterbury School in Milford, Connecticut.
He studied economics at Northwestern University where he scored well in
his exams and was on the Varsity squash team before heading to Wall St
and getting jobs with Swiss company UBS and then Citibank..
Early last year Thomas joined Park Avenue investment bank Moelis &
Company where he was promoted to an associate and told his father it was
a ‘great firm, a great place to work’.
At the time of his death he was living at the Ocean Luxury Residences,
which has views of the Statue of Liberty and New York Harbour and where
one-bedroom properties have previously sold for more than $1million.
John said that Thomas ‘had everything that you could seemingly want’ but
was apparently troubled.
John said that the long hours meant that his son’s job was ‘all
encompassing’ but he told him that he was ‘enjoying his work’.
He told Daily Mail Online that the high pressure was the ‘nature of the
industry’ that his son was in and that he ‘didn’t seek to blame
John said: ‘It’s not what might have been but what won’t be.
‘He probably would have had a wonderful, long life but that’s not going
‘I wish I would have crystal clear answers.
‘If you met him you would say this is the opposite person who would seem
like the kind of person who was considering taking this type of action’.
After Thomas’ death his brother Joseph posted a touching tribute on his
Facebook page showing the two together when they were younger.
Also paying tribute was a spokeswoman for Moelis & Company.
She said: ‘We are saddened by the news of Tom's death and send our
sincere condolences to his family and friends at this very sad time.
‘Tom was a talented and valued team member and a positive force in our
firm. He will be greatly missed.’
Reports about Thomas’ death said that he tried to kill himself earlier
in the day by slitting his wrists.
He was thought to have jumped from the 24th story of the building, which
has views of the Statue of Liberty
Body parts were found underneath a passing car, and an employee at a
nearby parking garage was sent home after seeing the incident and have
blood splattered on his shirt. Above, the building's lobby
After he fell to the sidewalk body parts were scattered in the street
and a passing Honda CRV was either hit or narrowly missed.
An employee at a nearby parking garage was sent home after seeing his
body explode on impact and having blood splattered on his shirt.
Relatives were reportedly unable to officially identify the body due to
the severity of the injuries. Police will now use fingerprints.
Witness Mario Mroczkowski said that Thomas was decapitated after hitting
a guard rail for a road that leads into Manhattan according to the New
York Daily News.
'I got close, but when I looked, all I saw were body parts ... guts
everywhere,' he said.
Tourists on an open-air bus took out their cell phones to take pictures
of the incident, according to nearby workers.
Thomas’ life was documented on his Facebook page which showed he checked
in the trendy Surf Lodge in Montauk on Long Island last summer and also
visited Miami beach.
Among his likes were men’s clothing retailer Brooks Brothers, Harper’s
Magazine and Bret Easton Ellis, who wrote ‘American Psycho’, the gory
satire of 80s Wall St bankers.
Thomas also posted about having dinner at the three Michelin Star
restaurant Per Se with his family.
The New York City Police Department said that the case is still under
investigation but so far there is no sign of criminality.
The previous death of a financial worker was on March 12 when
28-year-old Kenneth Bellando was found on the sidewalk outside his
six-story Manhattan apartment building.
The US National Suicide Prevention Lifeline is available 24 hours at
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Drugs, stress led to banker's leap off luxury high-rise
BY Ryan Sit
NEW YORK DAILY NEWS
Friday, May 29, 2015, 9:39 AM
An investment banker who jumped out the window of his luxury lower
Manhattan high-rise apartment was behind on his rent, took drugs and
struggled with work stress, according to his family and police sources.
Thomas Hughes, 29, had swallowed a fistful of pills and sat on the ledge
of his 24th-floor luxury apartment at 1 West St. for several minutes
before leaping off it and plunging 200 feet to his death Thursday
morning, police sources said.
Drugs were also found in his apartment, the sources said. No note was
found. Hughes had been under “a lot of pressure” and may have turned to
drugs, his father told Daily Mail Online. “Thomas was a happy, jovial,
successful, good looking, very sociable individual,” John Hughes, who
lives in Briarcliff Manor in Westchester County, told the paper.
“At a time when he was under stress he probably resorted to illegal
drugs, causing this incredibly poor judgement, is probably the best I
Hughes was an associate at global independent investment bank Moelis &
Co. Before that, the Northwestern University graduate worked at Citibank
and UBS Investment Bank, according to his LinkedIn page.
Police remove the body of a man who jumped from the Williamsburg Bridge
on to Delancey St. early Friday morning.
A spokeswoman for Moelis & Co. said in a statement Friday that the firm
was “saddened by the news of Tom’s death and send our sincere
condolences to his family and friends at this very sad time.”
Meanwhile, another man fell to his death Friday morning from the
Manhattan side of the Williamsburg Bridge, fire officials said.
Emergency responders discovered the body of the 37-year-old man, who was
not immediately identified, lying beneath the bridge on Delancey St.
near Mangin St. about 6:35 a.m., officials said.
Police were investigating the death as a suicide.
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