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Saturday, August 27, 2011

Russell Armstrong's business associate commits suicide just 24 hours after Real Housewives star found dead

There has been another shocking twist in the death of Russell Armstrong.

Alan Schram, a business associate and friend of the late Real Housewives of Beverly Hills co-star, also killed himself just 24 hours after Russell was found dead.

Alan's remains were reportedly discovered on August 16, outside of his parked car on Mulholland Drive in Los Angeles.
He had suffered a gunshot wound to the head and was found just a few blocks from where Russell died.
The L.A. County Coroner later concluded that Alan's death was a suicide.

Alan, a managing partner of Wellcap, a hedge fund based in Los Angeles, also wrote about finance for the Huffington Post.

According to, he founded Wellcap Partners in 2000.

The website says he served as an officer in the Israeli Air Force and is a veteran of the Gulf War.

Alan was a graduate of UCLA's prestigious Anderson School of Management.

TMZ reports that Alan and Russell were both part of an exclusive group called Tiger 21, an organization of high net-worth business people, even though Russell was having major money problems.

The entertainment website says Taylor and some of the other Real Housewives stars were heard talking about how shocked they were that the two men killed themselves at Russell's funeral.

Russell, who appeared alongside his estranged wife Taylor on the hit Bravo show, hanged himself amid the breakdown of his marriage and spiraling debts of $1.5million.

It has been previously reported that Russell had stopped taking anti-depressants just weeks before taking his own life.

On Wednesday, a memorial service was held for him at Forest Lawn cemetery in Los Angeles.

Taylor was supported by some of her co-stars, including Kyle Richards, Lisa Vanderpump, and Adrienne Maloof.

Kim Richards, Kyle's sister, opted to stay away, as did Camille Grammer

Armstrong's parents and family also shunned the event due to bad feelings with Taylor. They will instead hold their own service in Texas in the coming weeks.

Russell's lawyer told Life&Style magazine that his late client would not have wanted the Housewives at his memorial.

He said: 'All I can tell you about Russell's memorial is that his Texas family was not there, and the last thing he would have wanted to see there are the Housewives.'

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