Category: Death


Wall Street On Parade

Suspicious Deaths of Bankers Are Now Classified as “Trade Secrets” by Federal Regulator

By Pam Martens and Russ Martens: April 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.

 

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Insurance policies pertaining to bankers’ suicides classified as containing ‘trade secrets’

Published time: April 29, 2014 19:09

AFP Photo / John Moore

AFP Photo / John Moore

After a recent rash of mysterious apparent suicides shook the financial world, researchers are scrambling to find answers about what really is the reason behind these multiple deaths. Some observers have now come to a rather shocking conclusion.

Wall Street on Parade bloggers Pam and Russ Martens wrote this week that something seems awry regarding the bank-owned life insurance (BOLI) policies held by JPMorgan Chase. Traditional life insurance policies ensure that the loved ones of the deceased are compensated fairly in the event of a death, but banks are investing billions in policies that let them receive untaxed payment with the passing of each employee. While it’s not unusual for major banks to take out policies that compensate companies in the event of an employee death, the Martens wrote, attempts to find out more about that practice have been peculiarly hard and have raised a red flag among bloggers like those at Wall Street on Parade.

Four of the biggest banks on Wall Street combined hold over $680 billion in BOLI policies, the bloggers reported, but JPMorgan held around $17.9 billion in BOLI assets at the end of last year to Citigroup’s comparably meager $8.8 billion.

Both banks are global financial institutions with commercial and investment banking operations, the Martens wrote, and each employs close to a quarter-of-a-million employees. Nevertheless, they say that JPMorgan has experienced a far greater rate of suicide among employees in recent months, particularly in the midst of a series of news reports documenting unusual leaps off buildings and other bizarre deaths that have taken the lives of JPMorgan staffers.

 

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DISASTER MANAGEMENT

MH370 search to be most costly ever at $100 mln: analysts


by Staff Writers
Sydney (AFP) April 18, 2014


Malaysia warns of ‘huge’ cost in MH370 search
Kuala Lumpur (AFP) April 17, 2014 – Malaysia warned Thursday that the cost of the search for flight MH370’s wreckage in the vast depths of the Indian Ocean will be “huge”, the latest sobering assessment by authorities involved in the challenging effort.
“When we look at salvaging (wreckage) at a depth of 4.5 kilometres (2.8 miles), no military out there has the capacity to do it,” Transport and Defence Minister Hishammuddin Hussein told reporters in Kuala Lumpur.”We have to look at contractors, and the cost of that will be huge.”

The search in a remote stretch of ocean far off western Australia was enlivened in the past two weeks by the detection of signals believed to be from the Malaysia Airlines plane’s flight data recorders on the seabed.

But the transmissions have gone silent before they could be pinpointed, raising the spectre of a costly and extensive search of a large swathe of ocean floor at extreme depths.

Prime Minister Tony Abbott of Australia, which is leading the multi-national search, had earlier warned in an interview published Thursday that an autonomous US Navy sonar device that began scanning the seabed for wreckage on Monday would be given one more week.

If nothing is found, authorities would reassess how next to proceed in the unprecedented mission to find the plane, Abbott said in the Wall Street Journal.

The Bluefin-21 completed its first full scanning mission early Thursday.

An initial attempt was aborted when the sub hit its maximum depth at 4.5 kilometres. A second was cut short by unspecified “technical” troubles.

Hishammuddin said he agreed with Abbott, saying “there will come a time when we need to regroup and reconsider”.

“But in any event, the search will always continue. It’s just a matter of approach,” said Hishammuddin, who did not specify what any alternative approach would be.

Australia’s search chief Angus Houston said earlier this week that authorities already were looking at possible alternative methods, including undersea devices that can go deeper than the Bluefin-21, but he also gave no specifics.

The Beijing-bound Malaysia Airlines flight with 239 people aboard inexplicably veered off its Kuala Lumpur-Beijing course on March 8, and is believed to have crashed in the Indian Ocean.

 

The search for missing Malaysia Airlines Flight MH370 is set to be the most expensive in aviation history, analysts say, as efforts to find the aircraft deep under the Indian Ocean show no signs of slowing.

The Boeing 777 vanished on March 8 with 239 people on board, after veering dramatically off course en route from Kuala Lumpur to Beijing and is believed to have crashed in the sea off Australia.

Australia, which is leading the search in a remote patch of water described as “unknown to man”, has not put a figure on spending, but Malaysia has warned that costs will be “huge”.

“When we look at salvaging (wreckage) at a depth of 4.5 kilometres (2.8 miles), no military out there has the capacity to do it,” Transport and Defence Minister Hishammuddin Hussein said Thursday.

“We have to look at contractors, and the cost of that will be huge.”

Ravikumar Madavaram, an aviation expert at Frost & Sullivan Asia Pacific, said Malaysia, Australia and China, which had the most nationals onboard the flight, were the biggest spenders and estimated the total cost up to now at about US$100 million (72 million euros).

“It’s difficult to say how much is the cost of this operation … but, yes, this is definitely the biggest operation ever (in aviation history).

“In terms of costs this would be the highest,” he told AFP.

- Hopes rest on submersible -

In the first month of the search — in which the South China Sea and Malacca Strait were also scoured by the US, Malaysia, Singapore and Vietnam — the Pentagon said the United States military had committed US$7.3 million to efforts to find the plane.

Meanwhile the Indian Ocean search, in which assets have also been deployed by Australia, Britain, China, South Korea, Japan and New Zealand, has failed to find anything conclusive.

Hopes rest on a torpedo-shaped US Navy submersible, which is searching the ocean floor at depths of more than 4,500 metres (15,000 feet) in the vicinity of where four signals believed to have come from black box recorders were detected.

David Gleave, an aviation safety researcher at Britain’s Loughborough University, said the costs “will be of the order of a hundred million dollars by the time we’re finished, if we have found it (the plane) now”.

But he said the longer it took to find any wreckage, the more costs would mount because scanning the vast ocean floor “will take a lot of money because you can only search about 50 square kilometres (19 square miles) a day”.

 

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WATER WORLD

Sub dives deeper in hunt for missing MH370


by Staff Writers
Perth, Australia (AFP) April 18, 2014

The mini-sub searching for missing flight MH370 has reached record depths well beyond its normal operating limits, officials said Friday as it dived on its fifth seabed mission.

With no results to show since the Boeing 777 carrying 239 people disappeared on March 8, Australia’s Prime Minister Tony Abbott has set a one-week deadline to locate the plane which is believed to have crashed in a remote area of the Indian Ocean west of Perth.

Searchers have extended the hunt beyond the normal 4,500 metre (15,000 feet) depth range of the US Navy’s Autonomous Underwater Vehicle (AUV) called Bluefin-21.

“The AUV reached a record depth of 4,695 meters during mission four,” the US Navy said. “This is the first time the Bluefin-21 has descended to this depth.

“Diving to such depths does carry with it some residual risk to the equipment and this is being carefully monitored,” a statement said.

Australia’s Joint Agency Coordination Centre (JACC) announced that the mini-sub had been deployed on a new mission as operations run round the clock.

“Data analysis from the fourth mission did not provide any contacts of interest,” it added.

The unmanned Bluefin-21 which maps the seafloor by sonar, has searched 110 square kilometres (43 square miles) to date, JACC said.

The UAV, which hit a technical snag on Tuesday had also re-surfaced Monday after breaching a pre-programmed maximum depth of 4.5 kilometres (2.8 miles).

JACC said Thursday night that the US manufacturer of the UAV, Phoenix International, had advised the risk was “acceptable”.

“This expansion of the operating parameters allows the Bluefin-21 to search the sea floor within the predicted limits of the current search area,” it said.

The Malaysia Airlines jet is believed to have crashed in the ocean after mysteriously vanishing while en route between Kuala Lumpur and Beijing.

Hopes for finding the plane have focused on the Bluefin-21 after signals believed to be from the plane’s flight data recorders on the seabed fell silent in recent days.

The submersible is being deployed from an Australian vessel to scan an uncharted seafloor at extreme depths, but Abbott said the Bluefin-21 would be given about a week as questions are asked about the massive costs.

 

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The Australian

Dismayed families of missing MH370 passengers have vowed to ‘get noisier’

Malaysia to issue death certificates in missing plane

http://cdn.newsapi.com.au/image/v1/external?url=http://content6.video.news.com.au/FxNzJibTpfUWDOML1T4JUliRzjZY81g9/promo222290599&width=650&api_key=kq7wnrk4eun47vz9c5xuj3mc

The Malaysian government prepares to issue death certificates for passengers of missing flight MH370 but some families cling to the hope their loved ones are alive. Mana Rabiee reports.

Shock … relatives of the missing MH370 passengers at the Metro Park Hotel in Beijing on April 21, 2014. Picture: Wang Zhao Source: AFP

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FAMILY members of passengers lost on missing Malaysia Airlines 370 have criticised the Malaysian government for an investigation they say has been mismanaged.

Appearing on US morning television, Sarah Bajc, the girlfriend of Flight 370 American passenger Philip Wood, told Today host Matt Lauer passengers’ loved ones all just “wanted to go back to square one”.

“We just don’t believe they’re using proper evaluative techniques to check the data,” she said. “It’s day 45 and we’re basically on the same position we were on on the first day.”

We don’t know anything for sure,” she said. “We want to go back and start over again, but with new people looking at the information.”

Ms Bajc sent an email to the media, on behalf of “the united families of MH370”, detailing their complaints and concerns.

 

Despair ... Sarah Bajc with her boyfriend Philip Wood, who was a passenger on missing Mal

Despair … Sarah Bajc with her boyfriend Philip Wood, who was a passenger on missing Malaysian flight MH370. Picture: Facebook Source: Supplied

 

Among their grievances is the suggestion by the government it issues death certificates or pay compensation before the plane is found.

“Until they have proof, they have an obligation to make regular prepayments to the families in need, and they have an obligation to exert themselves beyond dozing and snickering in resolving this case,” the email says.

The families say they are gaining strength and prepared to get noisier in their criticisms. The letter signs of “WE ARE IN UTTER OUTRAGE, DESPAIR AND SHOCK!”

The Acting Minister of Transport in Malaysia has posted a comment to Twitter that he hopes to discuss with Angus Houston the status of the remaining third of the search area being combed by the Bluefin-21 unmanned submersible.

 

 

 

DETAILS OF TODAY’S SEARCH

Bluefin-21 is still scouring the ocean depths on its ninth mission trying to locate wreckage from MH370.

So far it has searched about two thirds of the underwater area, with no contacts of interest found to date.

Up to 10 military aircraft and 10 ships will be part of today’s visual search approximately 1500 kilometres north west of Perth.

Scattered showers are predicted to continue with south easterly winds and sea swells of up to three metres.

 

 

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AEROSPACE

 


by Staff Writers
Kuala Lumpur (AFP) April 18, 2014

Malaysia and Australia will sign a deal specifying who handles any wreckage from missing flight MH370 that may be recovered, including the crucial “black box” flight data recorders, local media reported Friday.

Malaysia is drafting the agreement “to safeguard both nations from any legal pitfalls that may surface during that (recovery) phase,” the New Straits Times reported.

The government hopes the deal can be finalised soon and endorsed in a Cabinet meeting next week. Canberra is studying the memorandum of understanding, it said.

“The MoU spells out exactly who does what and the areas of responsibility,” civil aviation chief Azharuddin Abdul Rahman was quoted as saying.

Azharuddin added that Malaysia would lead most of the investigation, with Australia and others helping. Details of the MoU will not be made public, the report said.

Azharuddin and other officials could not immediately be reached by AFP.

The Malaysia Airlines flight carrying 239 people inexplicably veered off course en route from Kuala Lumpur to Beijing on March 8 and is believed to have crashed in the southern Indian Ocean far off western Australia.

But a massive international search has failed to turn up any wreckage so far.

 

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Chinese official ‘kills himself’ in latest Communist party suicide mystery

Chinese communist party flag

A Chinese communist party flag is held by soldiers. Photograph: China Newsphoto/Reuters

A senior Chinese official has killed himself in his Beijing office, according to reports – the latest mysterious suicide of a ruling Communist party cadre.

Xu Ye’an, 58, was deputy chief of China‘s state bureau for letters and calls – the agency that fields grievances from citizens over injustices or disputes.

According to the respected magazine Caixin, Xu was discovered to have killed himself in his office on Tuesday, although the details surrounding his death remain unclear.

“It is learned that Xu was not in good health lately and was suffering from tinnitus over the past few months,” Caixin reported, citing a person close to the bureau for letters and calls. “He was always in a bad mood.”

 

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Protesters descend on Albuquerque City Hall to decry deadly shootings

Published time: April 08, 2014 03:59

Downtown Albuquerque (Photo from wikipedia.org)

Downtown Albuquerque (Photo from wikipedia.org)

Protesters filled Albuquerque City Hall on Monday evening, forcing the city council to clear its legislative agenda and turn the podium over to citizens furious with police over a spiking number of fatal shootings.

City Council President Ken Sanchez told the Albuquerque Journal that more police officers would be assigned to make sure the meeting was peaceful, and that the meeting would be adjourned if tempers flared, but said the council is mulling legislation that would create more oversight over the department.

We need to make some dramatic changes,” he said. “We’re confronting a crisis situation at this time.”

Tension have been building between police and the public for years. Wynema and Michael Gonzagowski told Cindy Carcamo of the Los Angeles Times that, upon moving to Albuquerque, friends warned them to avoid the police. They did not take those warnings seriously until they watched police fatally shoot their neighbor, Alfred Lionel Redwine on March 25.

I’ve never been scared of crops, but out here, the cops terrify me,” said Michael, age 39. “They treat you like you’re out looking to cause trouble every time they talk to you.”

Chief Eden said in a press conference that Redwine brandished a weapon and shot at police during a standoff at a public housing complex, forcing the officers to return fire. Wynemda Gonzagowski disagreed, telling the Times that Redwine had surrendered to police with his arms out when he was hit.

They didn’t warn him, they didn’t tell him to freeze and get on the ground or to put his hand behind his hand,” she said.

 

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Keep calm and kill a banker
Courtesy of keepcalm-o-matic.co.uk

Kenneth Schortgen Jr

February 5, 2014

Within the past few weeks, at least three high level bankers and one financial journalist have either died due to mysterious circumstances that officials have quickly labeled as ‘suicides’, or disappeared without a trace. With little information to go on from most public sources, several outside investigators have questioned the timing and reasons why these individuals have suddenly died, or been killed off, and are continuing to seek answers.

However, on Feb. 5, an insider and former head trader for a top banking firm issued a warning that new information is out which shows that ‘hit squads’ have been made active in the Wall Street area, and that a high level banker tied to recent investigations into Forex manipulation, along with up to three dozen others involved in scandals, are being targeted for potential assassination in light of their viability as witnesses and whistle blowers to federal and financial regulators.

Word on the “street” watch for a top level American bankster to expire. Hit teams are fully operational in Wall Street. (REDACTED) HIGHLY VISIBLE POWER BROKER- co-ordinating. Speak to you soon. Please post this to warn sheep. V-UPDATE 9:24 AM MOUNTAIN-NEXT ON THE HIT LIST CITI EXECUTIVE TIED IN WITH FOREX FRAUD -HIT LIST HAS 3 DOZEN MORE NAMES-DESPERATE TIMES REQUIRE DESPERATE MEASURES IN THE WORLD OF MONETARY CONTROL! JPM can’t hold yellow metal shorts on notional gold. LIBOR and derivative hits continue as bankster suddenly commit “suicide”. 43 are on the knock off list and counting. The shock waves of this and many other scandals are creating turmoil everywhere. – V, Guerrilla Economist, Q Alerts

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Jon Corzine
Courtesy of usapartisan.com/

March 13, 2014

On March 13, the son of Jon Corzine was found dead in Mexico City of an apparent suicide. Jon Corzine was the former CEO of Goldman Sachs, head of MF Global, and Governor of New Jersey, as well as being a long time campaign financier for President Barack Obama.

The son of former New Jersey Gov. Jon Corzine killed himself in a Mexico City hotel, sources told The Post on Thursday.

Jeffrey Corzine, 31, was the youngest of Corzine’s three children with ex-wife and childhood sweetheart Joanne Corzine.. – NY Post

While little is known about the circumstances behind Jeffrey Corzine’s alleged suicide, his death comes on the heels of at least eight unusual banker deaths, many of which were also labeled as suicides despite the near impossibility of one of them being attributed to suicide by nail gun.

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‘He made the tragic decision to take his own life': Youngest son of former New Jersey Governor Jon Corzine commits suicide in Mexico City hotel

  • Jeffrey Corzine took his own life ‘several days ago’ in Mexico City hotel
  • His family traced him through his credit card
  • Had battled addiction through his teens and twenties
  • Jeffrey, 31, was thought to be working as a drug counselor in California
  • He was the youngest of Corzine’s three children with his first wife
  • Corzine’s successor Chris Christie issued a statement of his condolences, calling the death ‘unthinkable’

 

By Meghan Keneally

 

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Former New Jersey Governor Jon Corzine’s 31-year-old son, Jeffrey, – who struggled with drug and alcohol addiction – committed suicide at a Mexico City hotel this week, a person familiar with the matter said on Thursday.

Jeffrey Corzine had been living in Malibu, California, and was an aspiring photographer, said the person, who spoke on condition of anonymity and could not name the hotel.

Corzine family spokesman Steven Goldberg confirmed Jeffrey Corzine’s death in a written statement.

 

Jeffrey Corzine is seen at his father's side (right) when he was elected to be the governor of New Jersey in November 2005. His brother, Josh, is also pictured raising his father's hand in victory (left).

Jeffrey Corzine is seen at his father’s side (right) when he was elected to be the governor of New Jersey in November 2005. His brother, Josh, is also pictured raising his father’s hand in victory (left).

 

Young: Jeffrey, who was known to friend as 'Jeff', was the youngest of three siblings

Young: Jeffrey, who was known to friend as ‘Jeff’, was the youngest of three siblings

Discovered: The US Embassy in Mexico City confirmed that Jeffrey Corzine was found dead in a Mexico City hotel 'several days' ago

Discovered: The US Embassy in Mexico City confirmed that Jeffrey Corzine was found dead in a Mexico City hotel ‘several days’ ago

 

‘The sad fact is that Jeffrey Corzine had been suffering from severe depression for several years and recently had been receiving treatment for what is a very painful and debilitating physical and mental ailment,’ Goldberg said.

‘On Tuesday morning, he succumbed to his disease and made the tragic decision to take his own life.’

The family is planning a small, private memorial for Jeffrey, Goldberg said.

 ‘Among many things, the Corzine family hopes Jeffrey will be remembered for his dedication to helping others overcome their struggles with depression and addiction, something to which he had been devoted for the past 10 years,’ he said.

Corzine, who was described by family friends as a ‘lost’ soul, was discovered dead in Mexico City ‘several days’ ago after failing to reply to messages from loved ones.

His friends and family tracked down his whereabouts to his hotel by following his credit card trail.

 

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Susan Duclos

 

Published on Mar 12, 2014

Article associated with this video at http://b4in.info/hVKo

This brings us to 8 or 9 top level bankers, 20 low level according to sources, then the CEO of a Bitcoin currency exchange First Meta Pte Ltd, and now yet another financial industry death.

Edmund (Eddie) Reilly, 47, a trader at Midtown’s Vertical Group, jumped in front of an LIRR train at 6 a.m. near the Syosset train station

 

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Trader kills self in finance world’s latest suicide

 

 

 

A Manhattan trader was killed Tuesday morning by a speeding Long Island Rail Road commuter train, marking at least the seventh suicide of a financial professional this year.

 

Edmund (Eddie) Reilly, 47, a trader at Midtown’s Vertical Group, jumped in front of an LIRR train at 6 a.m. near the Syosset train station.

 

He was declared dead at the scene.

 

Reilly’s identity was confirmed by Salvatore Arena, an LIRR spokesperson, who said an investigation into the incident was continuing.

 

Passengers on the west-bound express train told MTA investigators they saw a man standing by the tracks before he jumped in front of the train, Arena said.

 

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Business Insider

REPORT: An NYC-Based Trader Committed Suicide Tuesday Morning

 

 

A New York-based trader committed suicide by jumping in front of a train, the New York Post reports. 

The trader was 47-year-old Edmund “Eddie” Charles Reilly, the report said.

He worked for Midtown-based boutique investment bank The Vertical Group.

 

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James Stuart Jr., prominent Lincoln banker, found dead

February 23, 2014 6:30 pm  •  By CHRIS HEADY / Lincoln Journal Star

A successful Lincoln businessman and member of a prominent local family died last week. Former National Bank of Commerce CEO James Stuart Jr. was found dead in Scottsdale, Ariz., the morning of Feb. 19.

A family spokesman did not say what caused the death. A Scottsdale, Ariz., police spokesperson could not be reached over the weekend.

Stuart was a native of Lincoln and graduated from the University of Nebraska-Lincoln with a degree in Business Administration.

In 1969, Stuart joined Citibank in New York City and served as a loan officer until 1973, when he joined First Commerce Bancshares (then NBC Co.) as executive vice president. He was named president in 1976, chairman and CEO in 1978, and also became chairman and CEO of National Bank of Commerce in 1985. Stuart spent his life building the organization into an important business voice in Lincoln, friend and colleague Brad Korell said.

“He was a very successful banker,” said Korell, who worked with Stuart for more than 30 years. “I always felt that he was a visionary. He really did build one of the most successful and admired banking organizations in the Midwest.”

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Intellihub News

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.

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.

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Top Level American Bankster Dies – #9?

Susan Duclos Susan Duclos



Published on Feb 24, 2014

Article at – http://b4in.info/tV5n

#9? Is this the “top level American banker” that “V” warned us about?

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Source: Russell Investments via AP Photo

Mike Dueker, chief economist at Russell Investments, poses for an undated handout… Read More

Mike Dueker, the chief economist at Russell Investments, was found dead at the side of a highway that leads to the Tacoma Narrows Bridge in Washington state, according to the Pierce County Sheriff’s Department. He was 50.

He may have jumped over a 4-foot (1.2-meter) fence before falling down a 40- to 50-foot embankment, Pierce County Detective Ed Troyer said yesterday. He said the death appeared to be a suicide.

Dueker was reported missing on Jan. 29, and a group of friends had been searching for him along with law enforcement. Troyer said the economist was having problems at work, without elaborating. Dueker was in good standing at Russell, said Jennifer Tice, a company spokeswoman. She declined to comment on Troyer’s statement about Dueker’s work issues.

“We were deeply saddened to learn today of the death,” Tice said in an e-mail yesterday. “He made valuable contributions that helped our clients and many of his fellow associates.”

Dueker worked at Seattle-based Russell for five years, and developed a business-cycle index that forecast economic performance. He was previously an assistant vice president and research economist at the Federal Reserve Bank of St. Louis.

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ZeroHedge

Third Banker, Former Fed Member, “Found Dead” Inside A Week


If the stock market were already crashing then it would be simple to blame the dismally sad rash of dead bankers in the last week on that – certainly that was reflected in 1929. However, for the third time in the last week, a senior financial executive has died in what appears to be a suicide. As Bloomberg reports, following the deaths of a JPMorgan senior manager (Tuesday) and a Deutsche Bank executive (Sunday), Russell Investments’ Chief Economist (and former Fed economist) Mike Dueker was found dead at the side of a highway in Washington State. Police said the death appeared to be a suicide.

Via Bloomberg,

Mike Dueker, the chief economist at Russell Investments, was found dead at the side of a highway that leads to the Tacoma Narrows Bridge in Washington state, according to the Pierce County Sheriff’s Department. He was 50.

He may have jumped over a 4-foot (1.2-meter) fence before falling down a 40- to 50-foot embankment, Pierce County Detective Ed Troyer said yesterday. He said the death appeared to be a suicide.

Dueker was reported missing on Jan. 29, and a group of friends had been searching for him along with law enforcement. Troyer said Dueker was having problems at work, without elaborating.

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