|
Post by popcorn on Feb 17, 2014 12:06:22 GMT -5
At Least 20 Bankers Now Dead! The sudden rash of bankers expiring in mysterious ways has been well documented at SD. Jim Willie revealed to SD readers that we are seeing bankers removed who are on the verge of revealing big data details on FOREX bank fraud. News of the latest JPM banker to be found dead (Ryan Crane, the Executive Director of JPM’s Global Equities Group) went viral after European banking source V claimed that Crane & the JPM London banker who fell from the top of JPM’s London HQ last week “knew each other & had uncovered something“. If the bombshell news the investigative journalists at Infowars have just released is accurate, it appears that the number of bankers found dead in the past several weeks has now swelled to over 20, and includes a slew of mid-level bankers as well as the top level execs that have been chronicalized on SD. read more: www.silverdoctors.com/alert-at-least-20-bankers-now-dead/
|
|
|
Post by PurplePuppy on Feb 17, 2014 16:58:29 GMT -5
Remember the hundreds who resigned last year? I wonder what the connection is. Oh well....one day we'll know the truth behind all these stories!
|
|
|
Post by Dagvelia on Feb 17, 2014 20:13:01 GMT -5
Glad I'm not a banker.
|
|
|
Post by schwartzie on Feb 18, 2014 23:31:40 GMT -5
8th international banker to die in a month jumps off building in ChinaFebruary 18, 2014 1:49 PM EST A man who jumped from the JP Morgan building in Hong Kong this week becomes the 8th banker to die mysteriously this month By John Vibes HONG KONG (INTELLIHUB) — All month we have been reporting on the suspicious string of apparent suicides that have hit the financial industry. Multiple bankers have been found dead in recent weeks, all of them have been ruled suicides despite the fact that little information has been released in some of the cases. Those who had high profile deaths, like the man who jumped from the top of the JP Morgan HQ building in Europe are highly publicized, but overall, very few details about any of these deaths have been made public. Now this week, another investment banker has jumped from a different JP Morgan HQ, on a different continent, this time in Hong Kong, China. The fact that many of these deaths seem to be tied to JP Morgan is arousing further suspicion that there is more to this story than meets the eye. String of suspicious deaths: 1 – William Broeksmit, 58-year-old former senior executive at Deutsche Bank AG, was found dead in his home after an apparent suicide in South Kensington in central London, on January 26th. 2- Karl Slym, 51 year old Tata Motors managing director Karl Slym, was found dead on the fourth floor of the Shangri-La hotel in Bangkok on January 27th. 3 – Gabriel Magee, a 39-year-old JP Morgan employee, died after falling from the roof of the JP Morgan European headquarters in London on January 27th. 4 – Mike Dueker, 50-year-old chief economist of a US investment bank was found dead close to the Tacoma Narrows Bridge in Washington State. 5 – Richard Talley, the 57 year old founder of American Title Services in Centennial, Colorado, was found dead earlier this month after apparently shooting himself with a nail gun. 6 -Tim Dickenson, a U.K.-based communications director at Swiss Re AG, also died last month, however the circumstances surrounding his death are still unknown. 7 – Ryan Henry Crane, a 37 year old executive at JP Morgan died in an alleged suicide just a few weeks ago. No details have been released about his death aside from this small obituary announcement at the Stamford Daily Voice. 8 - Li Junjie, 33-year-old banker in Hong Kong jumped from the JP Morgan HQ in Hong Kong this week. Were these bankers killed for knowing too much? Were they involved in something so unethical that they killed themselves out of shame? These are the speculations that are rising in the wake of these apparent suicides. link
|
|
|
Post by PrisonerOfHope on Feb 19, 2014 13:36:01 GMT -5
Does The Trail Of Dead Bankers Lead Somewhere?Michael Snyder What are we to make of this sudden rash of banker suicides? Does this trail of dead bankers lead somewhere? Or could it be just a coincidence that so many bankers have died in such close proximity? I will be perfectly honest and admit that I do not know what is going on. But there are some common themes that seem to link at least some of these deaths together. First of all, most of these men were in good health and in their prime working years. Secondly, most of these “suicides” seem to have come out of nowhere and were a total surprise to their families. Thirdly, three of the dead bankers worked for JP Morgan. Fourthly, several of these individuals were either involved in foreign exchange trading or the trading of derivatives in some way. So when “a foreign exchange trader” jumped to his death from the top of JP Morgan’s Hong Kong headquarters this morning, that definitely raised my eyebrows. These dead bankers are starting to pile up, and something definitely stinks about this whole thing. Does The Trail Of Dead Bankers Lead Somewhere What would cause a young man that is making really good money to jump off of a 30 story building? The following is how the South China Morning Post described the dramatic suicide of 33-year-old Li Jie… An investment banker at JP Morgan jumped to his death from the roof of the bank’s headquarters in Central yesterday. Witnesses said the man went to the roof of the 30-storey Chater House in the heart of Hong Kong’s central business district and, despite attempts to talk him down, jumped to his death. If this was just an isolated incident, nobody would really take notice. But this is now the 7th suspicious banker death that we have witnessed in just the past few weeks… - On January 26, former Deutsche Bank executive Broeksmit was found dead at his South Kensington home after police responded to reports of a man found hanging at a house. According to reports, Broeksmit had “close ties to co-chief executive Anshu Jain.” - Gabriel Magee, a 39-year-old senior manager at JP Morgan’s European headquarters, jumped 500ft from the top of the bank’s headquarters in central London on January 27, landing on an adjacent 9 story roof. - Mike Dueker, the chief economist at Russell Investments, fell down a 50 foot embankment in what police are describing as a suicide. He was reported missing on January 29 by friends, who said he had been “having problems at work.” - Richard Talley, 57, founder of American Title Services in Centennial, Colorado, was also found dead earlier this month after apparently shooting himself with a nail gun. - 37-year-old JP Morgan executive director Ryan Henry Crane died last week. - Tim Dickenson, a U.K.-based communications director at Swiss Re AG, also died last month, although the circumstances surrounding his death are still unknown. So did all of those men actually kill themselves? Well, there is reason to believe that at least some of those deaths may not have been suicides after all. For example, before throwing himself off of JP Morgan’s headquarters in London, Gabriel Magee had actually made plans for later that evening… There was no indication Magee was going to kill himself at all. In fact, Magee’s girlfriend had received an email from him the night before saying he was finishing up work and would be home soon. And 57-year-old Richard Talley was found “with eight nail gun wounds to his torso and head” in his own garage. How in the world was he able to accomplish that? Like I said, something really stinks about all of this. Meanwhile, things continue to deteriorate financially around the globe. Just consider some of the things that have happened in the last 48 hours… -According to the Bangkok Post, people are “stampeding to yank their deposits out of banks” in Thailand right now. -Venezuela is coming apart at the seams. Just check out the photos in this article. -The unemployment rate in South Africa is above 24 percent. -Ukraine is on the verge of total collapse… Three weeks of uneasy truce between the Ukrainian government and Western-oriented protesters ended Tuesday with an outburst of violence in which at least three people were killed, prompting a warning from authorities of a crackdown to restore order. Protesters outside the Ukrainian parliament hurled broken bricks and Molotov cocktails at police, who responded with stun grenades and rubber bullets. -This week we learned that the level of bad loans in Spain has risen to a new all-time high of 13.6 percent. -China is starting to quietly sell off U.S. debt. Already, Chinese U.S. Treasury holdings are down to their lowest level in almost a year. -During the 4th quarter of 2013, U.S. consumer debt rose at the fastest pace since 2007. -U.S. homebuilder confidence just experienced the largest one month decline ever recorded. -George Soros has doubled his bet that the S&P 500 is going to crash. His total bet is now up to about $1,300,000,000. For many more signs of financial trouble all over the planet, please see my previous article entitled “20 Signs That The Global Economic Crisis Is Starting To Catch Fire“. Could some of these deaths have something to do with this emerging financial crisis? That is a very good question. Once again, I will be the first one to admit that I simply do not know why so many bankers are dying. But one thing is for certain – dead bankers don’t talk. Everyone knows that there is a massive amount of corruption in our banking system. If the truth about all of this corruption was to ever actually come out and justice was actually served, we would see a huge wave of very important people go to prison. In addition, it is an open secret that Wall Street has been transformed into the largest casino in the history of the world over the past several decades. Our big banks have become more reckless than ever, and trillions of dollars are riding on the decisions that are being made every day. In such an environment, it is expected that you will be loyal to the firm that you work for and that you will keep your mouth shut about the secrets that you know. In the final analysis, there is really not that much difference between how mobsters operate and how Wall Street operates. If you cross the line, you may end up paying a very great price. link
|
|
|
Post by PurplePuppy on Feb 20, 2014 21:09:21 GMT -5
Dead Bankers & You: The Coup Against The United States Of America!Politicalvelcraft I feel that this is one of the most important investigations I’ve ever done. If my findings are correct, each of us might soon experience a severe, if not crippling blow to our personal finances, the confiscation of any wealth some of us have been able to accumulate over our lifetimes and the end of the financial world as we once knew it. Jacob Rothschild The Illuminati’s aka; Rothschild Pyramid Warren-Buffet-Diamond-Sign-40-40-reopening The evidence to support my findings exists in the trail of dead bodies of financial executives across the globe and a missing Wall Street Journal Reporter who was working at the Dow Jones news room at the time of his disappearance. If the bodies were dots on a piece of paper, connecting them results in a sinister picture being drawn that involves global criminal activity in the financial world the likes of which is almost without precedent. It should serve as a warning that we are at the precipice of something so big, it will shake the financial world as we know it to its core. It seems to illustrate the complicity of big banks and governments, the intelligence community, and the media. Although the trail of mysterious and bizarre deaths detailed below begin in late January, 2014, there are others. Not only that, there will be more, according to sources within the financial world. Based on my findings, these are not mere random, tragic cases of suicide, but of the methodical silencing of individuals who had the ability to expose financial fraud at the highest levels, and the complicity of certain governmental agencies and individuals who are engaged in the greatest theft of wealth the world has ever seen. Full story at link.
|
|
|
Post by popcorn on Feb 21, 2014 9:32:04 GMT -5
The Banker Purge Continues: Global Banking System is Now Operating at DEFCON1
|
|
|
Post by schwartzie on Feb 25, 2014 23:11:52 GMT -5
Not sure where he gets his count from; it doesn't jibe with other stories here. Update: Trail of dead bankers reaches Arizona, death count is now at 9February 25, 2014 11:26 PM EST Another successful banker mysteriously turns up dead, bringing the total of recent suspicious deaths in the financial industry to 9 By John Vibes SCOTTSDALE, AZ (INTELLIHUB) — Former National Bank of Commerce CEO James Stuart Jr. was found dead, the morning of Feb. 19. A family spokesman did not say what caused the death. This brings the total of banker deaths in recent weeks to 9, and like the other recent deaths, this one comes with no explanation. In 1969, he joined Citibank in New York City, where he worked as a loan officer. In 1973, he was named executive vice president of First Commerce Bancshares, a holding company that owned Nebraska Bank of Commerce and six other banks. He became the holding company’s chairman and CEO in 1978 and assumed top leadership of NBC in 1985, The Journal Star reported. After the holding company merged with Wells Fargo in 2000, Stuart opened an investment office in Lincoln, where he has worked ever since. “He just leaves an incredible legacy of people who’ve gone on to have success both inside and outside of the banking industry,” close friend Brad Korell said. For those of you who have not been following this developing story, all month we have been reporting on the suspicious string of deaths that have hit the financial industry. To make matters even more suspicious, the vast majority of these deaths have been ruled a suicide, or the details have been swept under the rug entirely. Those who had high profile deaths, like the man who jumped from the top of the JP Morgan HQ building in Europe are highly publicized, but overall, very few details about any of these deaths have been made public. All of the details on each story can be found below, and we will continue to keep a running tally in the coming weeks. Please feel free to comment below, or use our contact information to send us leads and tips on this situation. String of suspicious deaths: (Intellihub’s running list continues) 1 – William Broeksmit, 58-year-old former senior executive at Deutsche Bank AG, was found dead in his home after an apparent suicide in South Kensington in central London, on January 26th. 2- Karl Slym, 51 year old Tata Motors managing director Karl Slym, was found dead on the fourth floor of the Shangri-La hotel in Bangkok on January 27th. 3 – Gabriel Magee, a 39-year-old JP Morgan employee, died after falling from the roof of the JP Morgan European headquarters in London on January 27th. 4 – Mike Dueker, 50-year-old chief economist of a US investment bank was found dead close to the Tacoma Narrows Bridge in Washington State. 5 – Richard Talley, the 57 year old founder of American Title Services in Centennial, Colorado, was found dead earlier this month after apparently shooting himself with a nail gun. 6 -Tim Dickenson, a U.K.-based communications director at Swiss Re AG, also died last month, however the circumstances surrounding his death are still unknown. 7 – Ryan Henry Crane, a 37 year old executive at JP Morgan died in an alleged suicide just a few weeks ago. No details have been released about his death aside from this small obituary announcement at the Stamford Daily Voice. 8 - Li Junjie, 33-year-old banker in Hong Kong jumped from the JP Morgan HQ in Hong Kong this week. 9 - James Stuart Jr, 7 year old, Former National Bank of Commerce CEO dies suddenly in Arizona with no explanation. Were these bankers killed for knowing too much? Were they involved in something so unethical that they killed themselves out of shame? These are the speculations that are rising in the wake of these apparent suicides. link
|
|
|
Post by PurplePuppy on Mar 28, 2014 16:19:01 GMT -5
JPM’s Top Commercial Bankruptcy Lawyer Dead in a Minivan Hit & Run
March 27, 2014 By The Doc bankster AssassinationsThe banker suicide saga has just reached a new level as a top level JPMorgan attorney has been exterminated in a hit & run incident involving a minivan. JPM attorney Joseph Giampapa was killed over the weekend when he was struck by a minivan in a hit and run incident. Giampapa was reportedly hit and thrown 150 ft and was pronounced dead at the scene. No charges have been filed. It gets better: Giampapa was JPMorgan’s top commercial bankruptcy lawyer (SVP). Somehow we suspect the incident was not inflicted by a soccer mom. The JP Morgan outside counsel manual, listing Giampapa as their Commercial Bank Bankruptcy SVP: Commercial Bank Bankruptcy & Workout Joseph Giampapa, SVP and Associate General Counsel (614/248-6056) www.jpmorganchase.com/corporate/Home/document/Annex_I_US_BasedGeneralCounselPracticeGroupsandManagers_7012013.pdfGiampapa’s legal profile: www.martindale.com/Joseph-A-Giampapa/1445173-lawyer.htmThe Columbus Dispatch’s coverage of the incident: www.dispatch.com/content/stories/local/2014/03/23/cyclist-56-struck-by-minivan-in-piqua.htmlRecall that Jim Willie informed SD readers several weeks ago that international bankers are dropping like flies to prevent details on massive FOREX fraud from reaching investigating authorities, and that European banking source “V” stated that the banker hit list includes top level banking executives, and also stated that suicided JP Morgan bankers Ryan Henry Crane & Gabriel Magee knew each other and had uncovered something. Perhaps Giampapa had also uncovered too many secrets. link
|
|
|
Post by PrisonerOfHope on Apr 5, 2014 21:20:52 GMT -5
And another one... ABN Amro Ex-CEO Found DeadSubmitted by Tyler Durden on 04/05/2014 18:17 -0400 A mere two weeks since former JPMorgan banker, Kenneth Bellando jumped to his death, Bloomberg reports that the former CEO of Dutch Bank ABN Amro (and his wife and daughter) were found dead at their home after a possible "family tragedy." This expands the dismal list of senior financial services executive deaths to 12 in the last few months. The 57-year-old Jan Peter Schmittmann, was reportedly discovered by his other daughter when she arrived home that morning. Police declined to comment on the cirumstances of his (and his wife and daughter's) death. This is not the first C-level ABN Amro banker to be found dead. In 2009, former CFO Huibert Boumeester was discovered with (assumed self-inflicted) shotgun wounds. As Bloomberg reports, Former ABN Amro Group NV Netherlands Chief Executive Officer Jan Peter Schmittmann, his wife and a daughter were found dead at their home today after a possible “family tragedy,” Dutch police said. “The bodies of a father and mother and their daughter were found at the property” in the town of Laren, 32 kilometers (20 miles) southeast of Amsterdam, Dutch police said in a statement on their website today. Leonie Bosselaar, a police spokeswoman, said in a telephone call with Bloomberg News that the deceased were Schmittmann and two family members. The police received a call around 10:30 a.m. local time from a family acquaintance who said something may be wrong at the property, according to the statement. Bosselaar declined to comment further on what may have happened. The Dutch newspaper AD reported, without citing anyone, that the family was discovered by Schmittmann’s second daughter when she arrived home this morning. She was scheduled to travel to India with her parents, where she had an internship lined up, the newspaper said. Schmittmann, 57, joined ABN Amro in 1983 as assistant relationship manager and was named head of the lender’s Dutch unit in 2003. He stepped down from the Amsterdam-based bank in December 2008, after the company was nationalized earlier that year. Sadly, given recent trends, the default assumption is that it is suicide until proven otherwise which is just as disturbing from a sociological perspective. (on the bright side, at least as far as we know, we was not involved in HFT) but further to that, this is not the first ABN Amro seniot executve to be found dead. In 2009, Schmittmann's former CFO was found dead from shitgum wounds: The former chief financial officer of Dutch bank ABN Amro has been found dead with shotgun wounds near his home in Surrey, the BBC has reported. Huibert Gerard Boumeester was found dead yesterday, Sunday, with shotgun wounds, one week after being reported missing and “vulnerable”. Reports claim he was found with two shotguns which he had brought from his home, though Thames Valley Police say his death is currently being treated as "unexplained". Boumeester, 49, left his role as CFO encompassing responsibility for group-wide finance, risk management, investor relations, communications and strategic decision support in March 2008 citing "personal reasons" six months after ABN Amro was bought by Fortis, Royal Bank of Scotland and Santander. The Dutch government now owns Fortis Bank and has taken direct ownership of its stake in ABN Amro. The British government owns most of RBS. There are suggestions that Boumeester took his own life... Schmittmann owned 2phase2 (apparently an asset management company) and was a co-founder of 5 Park Lane (what appears to be a private equity / management consultancy) according to his LinkedIn profile: Story continues at link.
|
|
|
Post by schwartzie on Apr 7, 2014 14:20:51 GMT -5
CEO Of Liechtenstein Bank Frick Murdered In Broad Daylight
Submitted by Tyler Durden on 04/07/2014 10:05 -0400 Over the weekend the world was gripped by the drama surrounding the mysterious murder-homicide of the former CEO of Dutch bank ABN Amro and members of his family, and whether there is more foul play than meets the eye. However, that is nothing compared to what just happened in the tiny, and all too quiet Principality of Lichtenstein, where moments ago the CEO of local financial institution Bank Frick & Co. AG, Juergen Frick, was shot dead in the underground garage of the bank located in the city of Balzers. Based on preliminary reports, the murder is the result of a disgruntled fund manager, Juergen Germann, who had previously been embroiled in a "bitter dispute" with the government and the bank. Bloomberg has more: A 48-year-old man was shot dead in the underground garage of a financial institution in Balzers at 7:30 a.m. local time, the principality’s police said on its website. The suspect, Juergen Hermann, fled the scene in a Smart car with Liechtenstein number plates, according to police. Neither the victim nor the institution were identified in the statement. The deceased was Juergen Frick, CEO of Bank Frick & Co. AG, Switzerland’s Radio 1 said in an e-mailed statement, citing employees of the bank. Calls to Bank Frick were answered by a voice-mail message saying the company is closed because of “a death.” It gave no further details. Hermann is a fund manager who has been embroiled in a dispute with the Liechtenstein government and Bank Frick for many years, Switzerland’s Radio 1 said. The Liechtenstein government and the country’s Financial Market Authority “illegally destroyed my investment company Hermann Finance and its funds, depriving me of my livelihood,” according to a website registered under the name Juergen Hermann of Hermann Finance AG. He has filed lawsuits seeking recovery of 200 million Swiss francs ($225 million) from the government and 33 million francs from Bank Frick, according to the website. The lender “illegally enriched itself,” among other alleged crimes, it said. A representative of Hermann’s lawyer declined to comment when reached by telephone. A call to Hermann Finance’s office was answered by an employee of a law firm who said his company isn’t related to Hermann Finance. The narrative against the "publicly hostile" alleged shooter has already been flushed out. Hermann has been “publicly hostile” to the country’s Financial Market Authority and some of its employees, forcing it to take security measures in consultation with the police, FMA spokesman Beat Krieger said in an e-mail today. The escape vehicle was later found in the village of Ruggell, 25 kilometers (16 miles) north of Balzers, police said. “The area is being searched by police with dogs and helicopters,” the 120-member police force said. Zurich police are helping to document the crime scene, spokesman Mario Cortesi said. Here is the update form the local police station: On Monday morning, it came in Balzers a homicide, the suspect is currently volatile. Against 07.30 clock in an underground garage of a financial institution is a homicide in which a 48-year-old man was shot occurred. When volatile suspects are Jürgen Hermann from the Moors. He is armed and dangerous, according to police reports, the investigation of the National Police is in full swing. Notes on a possible whereabouts of the suspects are requested immediately to the police landing +423 / 236 71 11. Upon encountering the suspect, it is important to exercise extreme caution. Below is the profile of the murdered CEO, still on the bank's website: As CEO Jürgen Frick is closely involved in all business activities of the bank with a special focus lying on client advisory, financing and financial product development. As well he supervises all real estate development projects of the Bank. Jürgen is also Chairman of the Board at Crystal Fund Management AG, a subsidiary of Bank Frick & Co. As for the bank itself: Bank Frick is active in modern wealth management and provides a range of advisory services. As well it specializes in fund development and fund administration. Our Bank entertains close ties to an efficient network of fiduciaries, insurers, tax experts, investment funds and law firms around the world. We are completely independent. Our advice and our services cater exclusively to the individual needs and requirements of our clients. Combinvest Establishment serves as holding for all bank shares. Family Frick is the majority stake holder. After a successful career in international banking and fiduciary services, Kuno Frick senior founded in December 1998 Bank Frick & Co. AG. Due to his wide experience and excellent connections, Bank Frick proved an immediate success. Since then, the bank’s assets under management have risen steadily. New business segments are continuously being added to the bank’s service portfolio, while existing ones are constantly being refined. In autumn 2011, Bank Frick’s international presence was significantly enhanced with the opening of Bank Frick UK Branch in Mayfair, London. Up until now it was mostly banker suicides. With the first open bank CEO murder, one wonders if there will be a change in the pattern. link
|
|
|
Post by baydoll on Apr 8, 2014 5:42:57 GMT -5
This is like the weirdest thing.
|
|
|
Post by PrisonerOfHope on Apr 8, 2014 12:25:43 GMT -5
This is like the weirdest thing. Sure is - remember how hundreds of them were quitting their jobs last year? Good thing I'm a baker and not a baNker!
|
|
|
Post by PurplePuppy on Apr 20, 2014 23:17:31 GMT -5
BNP Banker, His Wife And Nephew Murdered In BelgiumSubmitted by Tyler Durden on 04/20/2014 09:55 -0400 Belgium In the beginning it was banker suicides. Then about two weeks ago, suicides were replaced by outright murders after the execution-style killing of the CEO of a bank in otherwise sleepy (and tax evasive) Lichtenstein by a disgruntled client. Then on Friday news hit of another execution-type murder in just as sleepy, if not so tax evasive, Belgium, where in the city of Vise, a 37-year-old Director at BNP Paribas Fortis was murdered alongside his wife and a 9 year old nephew in a premeditated and orchestrated drive-by shooting. L'venir reports: According to Marcel Neven, Mayor of Vise, nothing can yet explain what caused the violent shooting that rocked the neighborhood sports hall of his town this Friday, April 18, late at night. A man of 37 years, Benedict Philippens, bank manager Ans-Saint-Nicolas, was shot. A little 9 year old boy, living in Dolhain, was also killed. A lady, the wife of the man and the boy aunt and godmother, Carol Haid, 37 also died of his injuries on Saturday, in the morning. She was hit by three bullets in the back, said a judicial source. According to information from the survey and some witnesses, a car waiting outside their house Berneau street near the sports hall Visé. When the victims' car is back in the driveway, shots were fired from the car that waited patiently. The author of the shots is actively sought. So far neither the shooter nor any motive for the execution have not been found: "Some suggest the presence of a single gunman with an automatic pistol, others are surprised that a bullet hole was noted in one of the windows of the sports hall. "That would mean that the author was already in the driveway of the house and waited for the victims side of the house," says a source close to the case." Like in the Lichtenstein murder, there is a possibility the murder was the result of a previous argument with a customer: This Sunday, the investigation is ongoing but it seems that the track of reckoning is preferred. In 7Dimanche newspaper, a friend of Benedict recalls that he had a big argument with a customer six months ago. He had even threatened the director publicly. He then had to put on the door. "There are six months, he told me he had a big argument with a foreign client." Needless to say the locals of the quiet town are stunned by the news: According to the neighbors, "the couple lived for 5 or 6 years" in his little house. They had been married a little over a year. The neighborhood shocked again that it is a normal family. "Usually, shootings in the region, it is often stories of drug with the Dutch, because it is not far from the border." The mayor did not say more about the possible causes of this unfortunate news item. He noted, however, that the occupation of the victim, banker, "perhaps could" be related to drama. Marcel Neven adds that this is the first time in his back as mayor he faced such violence in a crime. "The police arrived on the scene Friday night was very impressed to see the body there in the driveway." So just like in the Lichtenstein murder, was it truly some atrocious act by bankers that caused their clients to take justice into their own hands, or is it becoming the norm that when dealing with members of the banker class, the population - disenchanted with a legal system that is largely in the pocket of the financial system - is increasingly resorting to not only vigilante justice, but the taking of banker lives with no regard for innocent bystanders? If indeed so, this could mark a dramatic, and lethal, escalation in the way bankers are treated by the broader public, not only in places where banker revulsion is palpable but in quiet, sleepy backwaters like a small Belgium town. link
|
|
|
Post by schwartzie on Apr 24, 2014 18:09:57 GMT -5
Banker Death 'Epidemic' Spreads To ChinaSubmitted by Tyler Durden on 04/23/2014 17:52 -040 Until now, the terrible trail of dead bankers has been only among US and European financial executives. However, as Caixin reports, the increasing pressures on the Chinese banking system appear to have take their first toll. Li Jianhua, director of China's Banking Regulatory Commission (CBRC), died this morning due to a "sudden heart attack" - he was less than 49 years old. Li was among the main drafters on new "caveat emptor" market-based rules on China's shadowy banking system and recently said in an interview that "now is not only a time to control risk, but to transform the trust industry.. if it's too loose, it's a big problem." Li was found by his wife. Via Caixin, Li Jianhua, director of the CBRC AfDB died due to heart attack, still less than 49 years old. As planned, Li Jianhua this morning to attend a major industry conference. According to several sources close to the CBRC said, Li Jianhua was revising to 12 o'clock at night. Unexpectedly around 6:00 this morning, his wife found him passed away, due to sudden heart attack. Both inside and outside China Banking Regulatory Commission expressed sorrow and regret. Li was well-known as the author of major China Trust regulations... Li Jianhua was born in July 1965, Hunan Yongxing, graduated from Wudaokou Finance Institute. Li Jianhua was the main drafter of "one law two rules" or "People's Republic of China Trust Law," "Trust management approach" "Trust Capital Trust scheme management approach," It seems clear that Li was somewhat anti-bailout, preferring market forces to fix the trust industry... Li Jianhua has made it clear for the new financial reporters that this understanding is wrong. No. 99 Wen emphasized that "sellers responsible" does not mean that the buyer can zero-risk, high-yield. Now China has not yet Trustee Ordinance, if the trustee's duty to strengthen and plug loopholes flaws, accordingly, "caveat emptor" is also strengthened. This is the market rules. ... For the trust industry has experienced many ups and downs rectification, Li Jianhua was believed that this industry is still promising, but trust industry needs to find new profit model, there is also the process of transformation... "if too loose, I'm afraid to be a big problem." This brings the sad list of senior financial services exectives who have died in the last few months to 13: 1 - William Broeksmit, 58-year-old former senior executive at Deutsche Bank AG, was found dead in his home after an apparent suicide in South Kensington in central London, on January 26th. 2 - Karl Slym, 51 year old Tata Motors managing director Karl Slym, was found dead on the fourth floor of the Shangri-La hotel in Bangkok on January 27th. 3 - Gabriel Magee, a 39-year-old JP Morgan employee, died after falling from the roof of the JP Morgan European headquarters in London on January 27th. 4 - Mike Dueker, 50-year-old chief economist of a US investment bank was found dead close to the Tacoma Narrows Bridge in Washington State. 5 - Richard Talley, the 57 year old founder of American Title Services in Centennial, Colorado, was found dead earlier this month after apparently shooting himself with a nail gun. 6 - Tim Dickenson, a U.K.-based communications director at Swiss Re AG, also died last month, however the circumstances surrounding his death are still unknown. 7 - Ryan Henry Crane, a 37 year old executive at JP Morgan died in an alleged suicide just a few weeks ago. No details have been released about his death aside from this small obituary announcement at the Stamford Daily Voice. 8 - Li Junjie, 33-year-old banker in Hong Kong jumped from the JP Morgan HQ in Hong Kong this week. 9 - James Stuart Jr, Former National Bank of Commerce CEO, found dead in Scottsdale, Ariz., the morning of Feb. 19. A family spokesman did not say whatcaused the death 10 - Edmund (Eddie) Reilly, 47, a trader at Midtown’s Vertical Group, commited suicide by jumping in front of LIRR train 11 - Kenneth Bellando, 28, a trader at Levy Capital, formerly investment banking analyst at JPMorgan, jumped to his death from his 6th floor East Side apartment. 12 - Jan Peter Schmittmann, 57, the former CEO of Dutch bank ABN Amro found dead at home near Amsterdam with wife and daughter. 13 - Li Jianhua, 49, the director of China's Banking Regulatory Commission died of a sudden heart attack link
|
|
|
Post by schwartzie on Apr 29, 2014 18:28:04 GMT -5
Suspicious Deaths Of Bankers Are Now Classified As "Trade Secrets" By Federal RegulatorSubmitted by Tyler Durden on 04/28/2014 It doesn’t get any more Orwellian than this: Wall Street mega banks crash the U.S. financial system in 2008. Hundreds of thousands of financial industry workers lose their jobs. Then, beginning late last year, a rash of suspicious deaths start to occur among current and former bank employees. Next we learn that four of the Wall Street mega banks likely hold over $680 billion face amount of life insurance on their workers, payable to the banks, not the families. We ask their Federal regulator for the details of this life insurance under a Freedom of Information Act request and we’re told the information constitutes “trade secrets.” According to the Centers for Disease Control and Prevention, the life expectancy of a 25 year old male with a Bachelor’s degree or higher as of 2006 was 81 years of age. But in the past five months, five highly educated JPMorgan male employees in their 30s and one former employee aged 28, have died under suspicious circumstances, including three of whom allegedly leaped off buildings – a statistical rarity even during the height of the financial crisis in 2008. There is one other major obstacle to brushing away these deaths as random occurrences – they are not happening at JPMorgan’s closest peer bank – Citigroup. Both JPMorgan and Citigroup are global financial institutions with both commercial banking and investment banking operations. Their employee counts are similar – 260,000 employees for JPMorgan versus 251,000 for Citigroup. Both JPMorgan and Citigroup also own massive amounts of bank-owned life insurance (BOLI), a controversial practice that pays the corporation when a current or former employee dies. (In the case of former employees, the banks conduct regular “death sweeps” of public records using former employees’ Social Security numbers to learn if a former employee has died and then submits a request for payment of the death benefit to the insurance company.) Wall Street On Parade carefully researched public death announcements over the past 12 months which named the decedent as a current or former employee of Citigroup or its commercial banking unit, Citibank. We found no data suggesting Citigroup was experiencing the same rash of deaths of young men in their 30s as JPMorgan Chase. Nor did we discover any press reports of leaps from buildings among Citigroup’s workers. Given the above set of facts, on March 21 of this year, we wrote to the regulator of national banks, the Office of the Comptroller of the Currency (OCC), seeking the following information under the Freedom of Information Act (See OCC Response to Wall Street On Parade’s Request for Banker Death Information): The number of deaths from 2008 through March 21, 2014 on which JPMorgan Chase collected death benefits; the total face amount of BOLI life insurance in force at JPMorgan; the total number of former and current employees of JPMorgan Chase who are insured under these policies; any peer studies showing the same data comparing JPMorgan Chase with Bank of America, Wells Fargo and Citigroup. The OCC responded politely by letter dated April 18, after first calling a few days earlier to inform us that we would be getting nothing under the sunshine law request. (On Wall Street, sunshine routinely means dark curtain.) The OCC letter advised that documents relevant to our request were being withheld on the basis that they are “privileged or contains trade secrets, or commercial or financial information, furnished in confidence, that relates to the business, personal, or financial affairs of any person,” or relate to “a record contained in or related to an examination.” The ironic reality is that the documents do not pertain to the personal financial affairs of individuals who have a privacy right. Individuals are not going to receive the proceeds of this life insurance for the most part. In many cases, they do not even know that multi-million dollar policies that pay upon their death have been taken out by their employer or former employer. Equally important, JPMorgan is a publicly traded company whose shareholders have a right under securities laws to understand the quality of its earnings – are those earnings coming from traditional banking and investment banking operations or is this ghoulish practice of profiting from the death of workers now a major contributor to profits on Wall Street? As it turns out, one aspect of the information cavalierly denied to us by the OCC is publicly available to those willing to hunt for it. On March 24 of this year, we reported that JPMorgan Chase held $10.4 billion in BOLI assets at its insured depository bank as of December 31, 2013. We reached out to BOLI expert, Michael D. Myers, to understand what JPMorgan’s $10.4 billion in BOLI assets at its commercial bank might represent in terms of face amount of life insurance on its workers. Myers said: “Without knowing the length of the investment or its rate of return, it is difficult to estimate the face amount of the insurance coverage. However, a cash value of $10.4 billion could easily translate into more than $100 billion in actual insurance coverage and possibly two or three times that amount” said Myers, a partner in the Houston, Texas law firm McClanahan Myers Espey, L.L.P. Myers’ and his firm have represented the families of deceased employees for almost two decades in cases involving corporate-owned life insurance against employers such as Wal-Mart Stores, Inc., Fina Oil and Chemical Co., and American Greetings Corp. (Families may be entitled to the proceeds of these policies if employee consent was required under State law and was never given and/or if the corporation cannot show it had an “insurable interest” in the employee — a tough test to meet if it’s a non key employee or if the employee has left the firm.) As it turns out, the $10.4 billion significantly understates the amount of money JPMorgan has tied up in seeking to profit from workers’ deaths. Since Wall Street banks are structured as holding companies, we decided to see what type of financial information might be available at the Federal Financial Institutions Examination Council (FFIEC), a federal interagency that promotes uniform reporting standards among banking regulators. The FFIEC’s web site provided access to the consolidated financial statements of the bank holding companies of not just JPMorgan Chase but all of the largest Wall Street banks. We conducted our own peer review study with the information that was available. Four of Wall Street’s largest banks hold a total of $68.1 billion in BOLI assets. Using Michael Myers’ approximate 10 to 1 ratio, that would mean that over time, just these four banks could potentially collect upwards of $681 billion in tax free income from life insurance proceeds on their current and former workers. (Death benefits are received tax free as is the buildup in cash value in the policies.) The breakdown in BOLI assets is as follows as of December 31, 2013: Bank of America $22.7 billion Wells Fargo 18.7 billion JPMorgan Chase 17.9 billion Citigroup 8.8 billion In addition to specifics on the BOLI assets, the consolidated financial statements also showed what each bank was reporting as “Earnings on/increase in value of cash surrender value of life insurance” as of December 31, 2013. Those amounts are as follows: Bank of America $625 million Wells Fargo 566 million JPMorgan Chase 686 million Citigroup 0 Given the size of these numbers, there is another aspect to BOLI that should raise alarm bells among both regulators and shareholders. The Wall Street banks are using a process called “separate accounts” for large amounts of their BOLI assets with reports of some funds never actually leaving the bank and/or being invested in hedge funds, suggesting lessons from the past have not been learned. On May 20, 2008, Bloomberg News reported that Wachovia Corp. (now owned by Wells Fargo) and Fifth Third Bancorp reported major losses on failed gambles with BOLI assets. “Wachovia reported a $315 million first-quarter loss in its bank-owned life insurance program, known as BOLI, because of investments in hedge funds managed by Citigroup Inc. Fifth Third said in a lawsuit filed last month that it had losses of $323 million from Citigroup’s Falcon funds, which slumped more than 50 percent in the past year as the subprime market collapsed.” Citigroup’s Falcon Strategies hedge fund had lost as much as 75 percent of its value by May 2008. Following are the names and circumstances of the five young men in their 30s employed by JPMorgan who experienced sudden deaths since December along with the one former employee. Joseph M. Ambrosio, age 34, of Sayreville, New Jersey, passed away on December 7, 2013 at Raritan Bay Medical Center, Perth Amboy, New Jersey. He was employed as a Financial Analyst for J.P. Morgan Chase in Menlo Park. On March 18, 2014, Wall Street On Parade learned from an immediate member of the family that Joseph M. Ambrosio died suddenly from Acute Respiratory Syndrome. Jason Alan Salais, 34 years old, died December 15, 2013 outside a Walgreens inPearland, Texas. A family member confirmed that the cause of death was a heart attack. According to the LinkedIn profile for Salais, he was engaged in Client Technology Service “L3 Operate Support” and previously “FXO Operate L2 Support” at JPMorgan. Prior to joining JPMorgan in 2008, Salais had worked as a Client Software Technician at SunGard and a UNIX Systems Analyst at Logix Communications. Gabriel Magee, 39, died on the evening of January 27, 2014 or the morning of January 28, 2014. Magee was discovered at approximately 8:02 a.m. lying on a 9th level rooftop at the Canary Wharf European headquarters of JPMorgan Chase at 25 Bank Street, London. His specific area of specialty at JPMorgan was “Technical architecture oversight for planning, development, and operation of systems for fixed income securities and interest rate derivatives.” A coroner’s inquest to determine the cause of death is scheduled for May 20, 2014 in London. Ryan Crane, age 37, died February 3, 2014, at his home in Stamford, Connecticut. The Chief Medical Examiner’s office is still in the process of determining a cause of death. Crane was an Executive Director involved in trading at JPMorgan’s New York office. Crane’s death on February 3 was not reported by any major media until February 13, ten days later, when Bloomberg News ran a brief story. Dennis Li (Junjie), 33 years old, died February 18, 2014 as a result of a purported fall from the 30-story Chater House office building in Hong Kong where JPMorgan occupied the upper floors. Li is reported to have been an accounting major who worked in the finance department of the bank. Kenneth Bellando, age 28, was found outside his East Side Manhattan apartment building on March 12, 2014. The building from which Bellando allegedly jumped was only six stories – by no means ensuring that death would result. The young Bellando had previously worked for JPMorgan Chase as an analyst and was the brother of JPMorgan employee John Bellando, who was referenced in the Senate Permanent Subcommittee on Investigations’ report on how JPMorgan had hid losses and lied to regulators in the London Whale derivatives trading debacle that resulted in losses of at least $6.2 billion. Related Articles: (These look interesting; you can read them at the link. Swiss Insurers and JPMorgan Have More than ‘Suicides’ in Common A Rash of Deaths and a Missing Reporter — With Ties to Wall Street Investigations Suspicious Death of JPMorgan Vice President, Gabriel Magee, Under Investigation in London JPMorgan Vice President’s Death in London Shines a Light on the Bank’s Close Ties to the CIA As Bank Deaths Continue to Shock, Documents Reveal JPMorgan Has Been Patenting Death Derivatives
|
|
|
Post by PurplePuppy on May 2, 2014 16:01:48 GMT -5
Another one! Police say banker killed himself after Y150 mil rogue trading lossMay. 02, 2014 - 05:20PM JST TOKYO — A Japanese banker who lost 150 million yen he had persuaded clients to invest off his employer’s books has killed himself, Resona Bank said Friday. The unnamed 25-year-old told three corporate clients of the Osaka-based bank last year that he could generate profits if they entrusted their cash to him. The banker, who worked at the bank’s Ikebukuro branch in Tokyo, collected a total of 155 million yen from them without informing his superiors, said a spokesman with the bank. “But most of the money appeared to be lost as he allegedly used the funds in foreign exchange and other trading,” the spokesman said. In January, the bank questioned him over the case after one of the three clients complained that he was uncontactable. The following day the man killed himself, the spokesman said. The bank prohibits its employees from collecting funds for investment without permission. The case was “extremely regrettable,” the spokesman said, adding that the bank has reported it to the Financial Service Agency. link
|
|
|
Post by schwartzie on May 9, 2014 22:13:21 GMT -5
Here's another one! Body of Missing New Jersey Banker Found in Hudson RiverMay 8, 2014 Via: New York Daily News: Nearly a month after Andrew Jarzyk went missing his family, at long last, has been given some amount of closure. The 27-year-old’s family has confirmed that a body found in the Hudson River on Monday is that of the Hoboken, N.J., jogger and banker who had been missing since the early hours of April 1. But despite his body’s recovery, his family says his death and disappearance is still deeply shrouded in mystery. “At this time we do not have answers into why Andrew’s life ended at such a young age. Please be accepting to the fact we may never have these answers,” his brother posted on a public Facebook page created for his recovery. Jarzyk, who worked at PNC Financial in Woodland, had been described by friends as in good spirits when last seen at a Hoboken restaurant. link
|
|