A champion yachtsman has reportedly committed suicide after losing $1.4 billion in the Bernie Madoff affair.

Rene-Thierry Magon de la Villehuchet – grief-stricken after becoming one of the top 10 losers in the reportedly $50 billion Ponzi scheme – slashed both wrists with a boxcutter and bled to death.

De La Villehuchet was a devoted yachtsman, and racing sailorman.