Homicide

Judge: New York man unfit for trial in death of hedge-fund founder father over allowance fight

  • FILE- This Sept. 2014 file photo provided by the Suffolk County District Attorney’s office shows Thomas Gilbert Jr., after his arrest on Sept. 18, 2014 in the town of Southampton, N.Y., on a misdemeanor charge. Gilbert, who is suspected of killing his hedge-fund father over an argument about his allowance is not mentally fit to stand trial and may be sent to a psychiatric facility as early as next week, a judge ruled Thursday, Sept. 10, 2015. (AP Photo/Suffolk County District Attorney’s office, File)

    FILE- This Sept. 2014 file photo provided by the Suffolk County District Attorney’s office shows Thomas Gilbert Jr., after his arrest on Sept. 18, 2014 in the town of Southampton, N.Y., on a misdemeanor charge. Gilbert, who is suspected of killing his hedge-fund father over an argument about his allowance is not mentally fit to stand trial and may be sent to a psychiatric facility as early as next week, a judge ruled Thursday, Sept. 10, 2015. (AP Photo/Suffolk County District Attorney’s office, File)  (The Associated Press)

  • FILE- In this Nov. 4, 2014 file photo, hedge fund founder Thomas Gilbert Sr., poses for a photo at the annual Hedge Fund Association Conference in New York. On Thursday, Sept. 10, 2015, a New York judge ruled that Gilbert’s son, Thomas Gilbert Jr., is not mentally fit to stand trial for Gilbert’s murder and may be sent to a psychiatric facility as early as the coming week. (AP Photo/Kevin Kane, File)

    FILE- In this Nov. 4, 2014 file photo, hedge fund founder Thomas Gilbert Sr., poses for a photo at the annual Hedge Fund Association Conference in New York. On Thursday, Sept. 10, 2015, a New York judge ruled that Gilbert’s son, Thomas Gilbert Jr., is not mentally fit to stand trial for Gilbert’s murder and may be sent to a psychiatric facility as early as the coming week. (AP Photo/Kevin Kane, File)  (The Associated Press)

A New York man accused of killing his hedge-fund founder father over a cut in his allowance has been found unfit to stand trial.

A judge ruled Thursday that Tommy Gilbert isn't mentally fit to proceed to trial. He is to be sent to a psychiatric hospital next week, unless prosecutors ask for a hearing.

The 31-year-old is accused of shooting Thomas Gilbert in January and then trying to make it appear as if his 70-year-old father killed himself.

Authorities suspect Gilbert killed his father after he was threatened with a cut in his monthly allowance. Gilbert's mother found her husband's body in their Manhattan apartment.

Thomas Gilbert founded the Wainscott Capital Partners Fund.

A lawyer for the younger Gilbert says he hopes his client gets the treatment he needs.