(Bloomberg) -- The son of Wainscott Capital Management founder Thomas Gilbert Sr., who wanted to follow his dad into the money-management business, was charged with murder after New York police said he staged the shooting death of his father to look like suicide.

Thomas Gilbert Jr., 30, was arrested after his mother returned to the family’s apartment on Manhattan’s Upper East Side and found her husband, Thomas Gilbert Sr., 70, lying dead in the bedroom with a bullet wound to his head, police said. A .40 caliber Glock was resting on his chest and his left hand covered the gun, they said.

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