The man accused of murdering his wealthy father at the older man's multi-million dollar New York City apartment on Sunday reportedly did so because his father reduced his monthly allowance. 

Both the New York Post and New York Daily News claim that 30-year-old Thomas Gilbert, Jr. killed his father, 70-year-old Wainscott Capital Partners president and founder Thomas Gilbert, Sr., at his Manhattan home during a dispute over money. According to the Post, Gilbert, Sr. had been giving his son $2,400 monthly to cover his rent, and $600 to play around with. When Gilbert, Jr. found out that his father was cutting that spending money down to $400, he reportedly became irate.

The Daily News reports that the elder Gilbert also informed his son that he would no longer be paying for his rent, and that he planned to reduce his allowance by $100, not that it really makes a difference in the grand scheme. 

After killing his father on Sunday afternoon, Gilbert, Jr. surrendered to police at his Chelsea apartment on Sunday night. The Princeton graduate has been charged with murder and criminal possession of a weapon.

[via New York Post and New York Daily News]