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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.
berbishchanish
I really see three possible scenarios.
1) They are guilty because they did something/saw something/know something or they are just sick of the life they are living.
2) They were murdered by someone who has an agenda. They were not needed, or TPTB could not risk some info getting out.
3) There is going to be a hard economic crash. Harder than what we've been seeing. Maybe they don't want to live through it. Maybe they are part of what will cause it. Maybe they are scared.
Anyway, there are no definite answers, but we can all speculate.
1. ABC Verlag (greetings cards, not finance) — CEO Daniel Eicher — suicide, left two notes — week of 6/10/2013
2. Swisscom (telecom) – CEO Carsten Schloter, 49 — suicide, found hanging — 7/23/13
3. Bank of America — intern Moritz Erhardt, 21 — seizure due to exhaustion — week of 8/12/2013
4. Zurich Insurance Group AG (insurance) — CFO Pierre Wauthier — suicide, found hanging, left two notes — 8/26/2013
bank-failures5. Wall Street — hedge fund exec Robert Wilson, 87 — suicide, jumped from 16th floor — week of Dec 23, 2013. (He gave away $800 million prior to death.)
6. Wall Street Journal — reporter David Bird – missing/disappeared – 1/11/2014 (covered in our original piece)
7. Swiss Re AG — U.K.–based communications director Tim Dickenson — cause not released — week of 1/19/2014
8. Deutsche Bank AG — executive William Broeksmit — apparent suicide, found hanging— 1/26/14 (covered in our original piece)
9. JP Morgan — banker Gabriel Magee — jumped or fell from building, Canary Wharf, London — 1/28/14 (covered in our original piece)
10. Russell Investment — Mike Dueker, 50 — found dead next to Tacoma Narrows Bridge, suicide — week of 1/26/2014 (covered in our original piece)
11. JPMorgan — equities trading executive Ryan Crane, 37 — no cause given — 2/3/14
12. American Title (insurance) — CEO Richard Talley, 57 — suicide by nail gun,7 or 8 self-inflicted wounds — 2/7/14
boncho
I saw this too. I think the ATS tally is at 7. I wasn't sure if the Tata motors guy was considered a banker or not…
speculativeoptimist
I too have been wondering what is going on that is so bad people would take their own life or be taken out and covered up.
I ran across this article that may shed some light on the situation.
Three former Barclays bank employees have now been charged with “conspiracy to defraud” in the continuing LIBOR scandal, bringing the total to 13 people charged in America and the U.K. It has been reported that three ex-ICAP brokers are next on the list for helping traders manipulate interest rates.
Three former Barclays bankers have been charged “in connection with the manipulation of Libor” interest rates, the Serious Fraud Office said.
The SFO alleges the three – Peter Charles Johnson, Jonathan James Mathew and Stylianos Contogoulas – "conspired to defraud between 1 June 2005 and 31 August 2007".
They will appear at Westminster Magistrates court at a date to be confirmed. (source)
LIBOR is an interbank benchmark used to set the interest rates on trillions in loans all over the world.
The investigation into LIBOR’s deliberate manipulation began in 2008, and it has come to light that traders at various banks all over the world have benefited financially from turning in false interest rate reports since.
Thus far, Barclays and other mega banks including JP Morgan Chase, Citigroup, UBS, Deutsche Bank and the Royal Bank of Scotland have been forced to pay billions in regard to rigging interest rates.
www.activistpost.com...
So a LIBOR scam, I had to look that up. Perhaps these guys are facing life imprisonment(does that happen to white collar criminals?), or maybe they would be dragged out into the streets by the citizens. What an opportunity to scrape a little off the top eh? Manipulating interest rates on trillions of dollars in loans, wow, why am I not surprised? Even a tweak of 100th a percent could be lucrative.
The Wall Street Journal is also reporting that authorities in the United States, United Kingdom and EU are currently investigating a group of traders from various banks for manipulating Euribor, the euro interbank interest rate, as well.
online.wsj.com... 2702304675504579388572390557500.html
I wonder if these criminals involved around the globe are doing this in unison, or are these isolated incidents drawing from the same source?
Barclays paid more than $450 million in 2012, as part of a settlement with U.S. and U.K. regulators. Other big banks have also paid hefty penalties for their role in the scandal, which so far has cost the industry about $6 billion.
The SFO had previously brought Libor-related charges against former UBS (UBS) and Citigroup (C, Fortune 500) banker Tom Hayes, along with Terry Farr and James Gilmour, who both worked for brokerage RP Martin. All three have pleaded not guilty.
Regulators and legal authorities continue to pursue other individuals and banks.
The European Commission said in December that it was still going after HSBC (HBCYF), Credit Agricole (CRARF), JP Morgan (JPMPRD) and ICAP. To top of page
money.cnn.com...
This is bad, but has it never been done before? Libor tweaking? Is it so monumental people would kill themselves? Is there more to the story and this unrelated? Many questions still for me.
dreamingawake
Add even more...
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.
Source
..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 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.
“Eddie was a great guy,” Rob Schaffer, a managing director at Vertical, told The Post in an email. “We are very upset and he will be deeply missed.”
The divorced father of three had rented a house around the corner from his ex-wife, Michelle Reilly, in East Norwich, NY.
One family friend, who said he spoke to the trader on Sunday, told The Post that Reilly “didn’t look good.”
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