BOCA RATON — Controversial developer Greg Talbott, a once successful builder involuntarily pushed into bankruptcy by creditors, shot himself in the head about noon yesterday in his Boca Raton apartment.
He was rushed to an area hospital, where he died early this morning.
Boca Raton Police say the incident is still under investigation and refused to release the report.
But a law enforcement informant said cops are definitely considering the incident a suicide.
Several sources tell Gossip Extra exclusively that Talbott, who built hundreds of luxury homes in developments in and around Boca, shot himself in the head with a handgun.
He was discovered by an employee who called 911.
He was 58.
Here is a statement by Boca PD PIO Mark Economou: “On Wednesday, May 14, 2014 at 11:13 am, Boca Raton Police were dispatched to 300 East Royal Palm Road. Upon arrival, officers found Gregory Talbott suffering from a gunshot wound. The injury appeared to be the result of a suicide attempt. Mr. Talbott was transported to the Delray Medical Center. He was pronounced dead this morning.”
Since the real estate crash of the mid-2000s, financial problems were piling up for the flamboyant, hard-charging Talbott, an avid deep-sea fisherman and one of Palm Beach County’s largest single landowners.
Last year, three creditors filed for Chapter 7 bankruptcy in Talbott’s name because they were unable to recuperate a total $3 million they invested in his projects.
In 2010, Palm Beach County Sheriff’s deputies seized some of his personal property, including 15 loaded weapons, most of his furniture, dishes and electronics and four cars, including a Bentley. The move came in an attempt to force Talbott to pay a judgment against him, but a judge ordered the property returned — minus the guns.
About the same time, Talbott’s 20,000-square-foot mansion in West Boca was seized by lenders because he defaulted on a $12.6 million-loan.
But Talbott’s partying also made news over the years.
In one case, it even cost a former Boca Raton Police chief his job.
In September 2005, Talbott was arrested and charged with domestic violence after he hit his wife and a manager at Luna Pazza, a downtown restaurant, then fought with cops who responded to a 911 call for help.
Hours later, however, he was ordered freed by then-Chief Andrew Scott – to the holler of favoritism from the police union.
Scott, who said he worried about Talbott’s heart problems when he let Talbott out, resigned three months later.
Talbott, meanwhile, was arrested again in 2008 in a DUI incident in which he was tasered. His lawyers argued that Talbott was a victim of police brutality in retaliation for the 2005 snafu.
The video of that arrest, below, went viral. Careful, strong language: