Maher survived and initially told authorities that two hooded intruders armed with knives had broken into the apartment — a claim Monaco officials later said could not be corroborated, according to The New York Times.
After days of conflicting accounts, Maher admitted to police that he had set the fire himself by igniting a wastepaper basket, Monaco’s chief prosecutor Daniel Serdet said at the time, The Times reported. Maher told investigators he did not intend to kill anyone and said he had fabricated the intruder story to "draw attention to himself," Serdet said.
Serdet told reporters Maher was jealous of Safra’s seven other nurses and hoped to win his employer’s approval by staging a rescue. "He wanted to be a hero," Serdet said, according to The Times.
Investigators said Maher slashed himself twice with his own knife — once in the thigh and once in the stomach — before seeking help from the building’s concierge, The Times reported. Officials said Safra and Torrente could have escaped the fire but remained inside the locked bathroom because Safra feared attackers were still inside the apartment.
Safra’s death stunned the world of international banking and sparked widespread speculation about whether he had been targeted because of his business dealings. Newspapers around the world theorized that Safra, a Lebanese-born banker, may have been killed because of his financial relationships, including dealings involving Russian investors, The Times reported.
Investigators ultimately rejected those theories. Serdet said Maher acted alone and that there was "no complicated intrigue" behind the fire, according to The Times.
The fire came at a pivotal moment in Safra's life. According to The Times, he suffered from Parkinson’s disease and was preparing to retire as a deal to sell his banking empire, including Republic National Bank of New York, neared completion.
His death marked the loss of far more than a banking titan. He was not only one of the world’s wealthiest bankers, but a major global philanthropist whose foundation has funded education, medical research, humanitarian aid and religious institutions across more than 40 countries — a legacy that continues decades after his death.
In 2025, Maher was convicted in New Mexico of soliciting the murder of his estranged wife in a plot prosecutors said involved staging her death as a fentanyl overdose.
"You don’t go from ‘misunderstood hero’ to ‘murder-for-hire’ by accident," Pack said. "That kind of behavior reveals a consistent operational mode."
Pack described what he called a pattern of staged crises and deception. In Monaco, he said, Maher manufactured a fire to engineer a heroic rescue. Decades later, prosecutors said he plotted another staged event, this time with lethal intent to gain financially.
Pack also pointed to Maher’s decision to reinvent himself under a new name after prison as further evidence of deception rather than rehabilitation.
"When someone changes his identity to escape his past, that conduct defines his character," Pack said.
Maher has claimed for years that his confession in Monaco was coerced. But Pack said Maher’s later actions severely undercut that narrative.
"It’s easy to blame a foreign police force when you’re the only one talking," Pack said. "But when you’re caught orchestrating a murder from a jail cell in New Mexico, the victim story is finished."
Maher is currently incarcerated in New Mexico and has reportedly been dealing with late-stage throat cancer. Pack said that while only Maher knows exactly what happened in Monaco, his subsequent behavior provides a clearer picture than any reenactment.
"If you want to understand who Ted Maher is," Pack said, "don’t look at a documentary. Look at the sentencing report."