The son of Wainscott Capital Management founder Thomas Gilbert Sr. was charged with murder after allegedly having staged the shooting death of his father to look like suicide, New York Police Department officials said.

Thomas Gilbert Jr., 30, was taken into custody about 11 p.m. Sunday at his Manhattan home, where Robert Boyce, chief of detectives, said police found a "substantial amount of evidence," linking him to his father's murder earlier in the day.

Authorities responded to a call about 3:30 p.m. on Sunday and found Thomas Gilbert Sr., 70, in a bedroom of his eighth-floor unit — a .40 caliber Glock on his chest, with his left hand covering the gun, according to police. The body was found by Gilbert Sr.'s wife, who had stepped out for about 15 minutes to buy some food, police said.